I always have the bank pay for the title insurance policy and deliver property free of all liens and encumbrances.

Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

If they need supplies go buy them and have them delivered at the job site.

If we were to get it, we would likely get the 2 bedroom 1 bathroom spot delivered vacant ( Lets assume for arguments sake that the place passed FHA inspection) Principal + Interest + PMI ~ 3100 per monthSince we would occupy the 2bedroom/1 bathroom spot...Gross income would be ~2915Gross income - (Principal + Interest + PMI) = -185$ Since we are each living in one bedroom this cost would be split 50/50.

We are willing to give up a little bit of return for piece of mind .That said JWB has been a great partner and has delivered on all of their promises with us.

Unless, you get super lucky, you have to deliver tens of thousands of flyers before you get 1 or 2 calls from potential homeowners who are only curious and ask questions.

Under the 2006 policy form, the LLC would qualify because the definition includes "a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title ... if the memberships, or other equity interests of the grantee are wholly-owned by the named Insured."

In other words, they will deliver up to 12 homes a year, regardless.

I don't know your family situation, but maybe you could deliver pizza on Fri/Sat nights (+$300/week).

I have been using Mynd but the experience was not good (hard to get into the property manager and she was not delivering anything as she promised).