They did recommend a few alternatives that provide similar services, including: Renttrack.comClearnow.comPayyourrent.comRentpayment.comOther alternatives are discussed here.I have been using Williampaid for more than 1 year and have been a happy customer.

How laws, regulations and rules are interpreted will be whats normal or custom in that jurisdiction. 

Also I would ask the lenders here on BP, have you been able to get loans for customers/clients who had foreclosures from the crash? 

As far as purchase price, rent, area, rehab etcIts in the Midwest.Its in a very landlord friendly stateNew roof, updated electrical, plumbing, and HVAC4 bedrooms 2 baths New 10 mil laminate flooring both bathrooms are full tile on floors and showers, all new fixturesnew kitchen cabinets, appliances, backsplash and granitefenced in backyardarea sales for this kind of house are 135k to 145k in the past 6 months in same neighborhoodPurchase Price 129kRents would be 1,100 to 1,200 a monthProperty Tax: 690 a yearAppreciation would be minute at best as it is the Midwest no ups and no downs just steady. 

But if you look at the long-term ROI rather than short-term ROI... ... the extra leads our system converts from your traffic vs. a wix or weebly website (because we're constantly testing and tweaking on the traffic on our customers sites to find ways to improve results)... the time saved because of our platform and our support, and the training and support we give on helping our members drive more traffic and convert more leads... the ROI on a system like InvestorCarrot or LP vs. a wix site isn't even close. 

It would seem that new appliances, cabinets, countertops would go a long way towards increasing value or rents, you sure wouldn't get away with that look here. 

In that past we have built our custom homes with no money down, but that was because we owned the property out right, so the equity was already there.

But, I have a feeling that if you really dug into the numbers, you'd find that you're just creating an unwieldy infrastructure that's going to hinder your growth and reduce customer satisfaction.Again, just my $.02...

If it is over 7%, then it may take more time.Bottom line is that it takes good management to keep good paying customers in place.I would give notices to each resident that is late. 

That way you will gain new customer, keep old customers, and get referrals.