We will definitely consider an umbrella policy and explore doing an LLC!

BTW the uniform borrower assistants form is used on government backed loans, so that tells me they are not going to consider an accepted short sale offer between you and the Seller without putting it on the open market(MLS with a licensed Agent).  

, what do you consider an acceptable ROI in your rental property business?

Overall the expenses are $4,400/unit based on the TTM figures, which is a bit on the high side for what I'd consider an efficiently operated property.

I appreciate your referral to Ticor but I am not sure if they would consider an investor for that purpose as I mostly buy and hold out of state and I am not constantly creating churn to make them a profit.

If it is for business maybe consider an LLC for that business that puts a degree of separation between you and that loan. 

It is a good idea to consider an option which allows you to collect rent much quicker than those others but still provides other rental management tools you might find valuable (again, not to knock Cozy or these other tools like Tellus), but you can easily keep track of who paid what and on which date with a tool that is reliable and processes payments faster. 

It is a good idea to consider an option which allows you to collect rent much quicker than those others but still provides other rental management tools you might find valuable (again, not to knock Cozy or these other tools like it because I know a lot of people love them), but since you have 24 units it may come down to the pricing (all depends upon what you want to accomplish).

Hello bp community, found a motivated seller who supplied parcel id, tract and lot number for his vacant lot the owner would consider an offer on, how would I go about locating address to this lot to run comps on. 

4-Insurance coverage on the property in the rolling 12 is paid monthly for 3 months, then is missed for a few, then a large payment mid year and none for the remainder .5-Recurring charges monthly for paint, HVAC, and building material and supplies6-Owner pays water, and gas.Also there appear to be a charge for meter reading monthly ( my view is that I would try and get the tenant to pay this stuff on their own or ensure i have a bill back process.)7-Owner appears to also absorbing tenants credit check fee8-Unallocated Prepay is being counted as income ( not sure what the owner is referring to)With the owner willing to sit down and talk with me, I think that I have a chance to show him why i can not buy at his asking price and maybe get him to consider an offer significantly below what his asking price currently is because I am estimating about 200K in remodel for the property in order to raise rents to comps in the vicinity.