The name of the game is collect monthly premiums and payout as little as possible.

If you elect a PPP shorter than 2-3 years in most cases, the lender is simply going to collect that fee A) upfront as points rather than as a PPP, or B) with yield, meaning a much higher rate.  

I used to collect them back in the 1980's.

The note investor who thought that even after he sold the note he was still entitled to collect the monthly note payments. 2.

However, after collecting more information from PHA they stated I should aim to rent the unit at what other units nearby are renting out for and NOT go as high as the SAFMR states you are allowed to go.

So far we have collected about $280,000 but the borrower has been unable to pay us off.  

The goal is to start getting your land-lording processes into place--how will you advertise, how will you screen, how will you collect rent, how will you deal with maintenance, who are you going to use as a lender, what is your process for bookkeeping and taxes.   

Consider Autohost or Hostfully both offer robust guest verification and deposit collection, tailored for professional hosts.

Its super easy to setup and use, but it still comes packed full of great features and automation to prepare for tax season, but also for rent collection, transaction management, and so much more.

Investors who aren’t experienced, knowledgeable nor sophisticated are taken by suprise that their “promised” return hasn’t materialized.