Its guaranteed by the insurance so if they mess it up you might get a free update.

So the monthly rent payments received will not cover mortgage payments, insurance, property taxes, repairs, maintenance, etc, and to avoid default the owner will be required to “come out of pocket” for the negative difference. 

Just as the title suggest, apart from having your license and certifications...what do you look for in an RAL?

Here in milwaukee, you cant pull a building permit unless you have a contractor’s license which requires a state single family dwelling contractor’s license which requires a bond or insurance.

For primary residences, lenders typically don't require PITI (Principal, Interest, Taxes, and Insurance) reserves beyond the down payment and closing costs.

It's not like you have to have a special savings account titled "mortgage purposes reserves" that you can't use for anything else.

You need (6) months of title seasoning to refinance unless you pay all cash.

Encumbrances may make your property unappealing to scammers and title thieves.

E&O insurance and liability insurance for property management companies cost far more than most agents pay into their brokerages.

Never send money in advance for their fee's  NEVER. thats a huge red flag that they are just out for fees and are fake lenders.2. bad or not really good written english .. on the phone they sound like they are off shore ( which they are ).3. rates  lower than market most of the fake lenders will advertise 5% rate that does not exist.4. insisting you pay for mortgage insurance  there is NO mortgage insurance on PML HML loans does not exist.While NMLS registered and state licensed is a good way to vet a lender keep in mind only 12 states require it.