I put a lockbox on to make check in easy and  it wasn't a lot of work after that.

But, getting a job is incredibly easy.

Make things easy and convenient for your potential seller or buyer.

@Mike Cumbie, if both the new property manager you just hired and the tenants they found are showing red flags and you’d blow it off and say “meh, whatever” and not check on your properties ever - plus ignore an easy resource to find out what’s really going on - different business model I suppose...While I’m happy you seem to have found every property manager you’ve ever used fantastic - I and other BP posters have not had that experience. 

I disagree with the suggestion that the owner will just do it on their own because this isn’t as easy as most think it is.

Regarding your question, intuitively you'd think a bank would only care about NOI/cap rate/equity at purchase vs when you refinance, but I may be wrong, hopefully others who have been through the refinance process can share their wisdom.

This also helps us to make eviction process very easy on any tenets we have been having problems with by sticking to the process and having it work for us.Hope this help,ART

first you have to decide what you want to do in the note business.. what most of the responses are talking about is buying bad debt.. and 2nds at that which this is the most risky and the most work..if your looking for work and risk and job then that kind of note investing is for you.If your looking for Passive income with no work and Limited risk then you simply need to align with a great HML who takes on private clients or those that understand where performing notes are generated.. we have done over 1700 performing notes for clients that last 5 years and really don't advertise at all. simply because once you get conservative investors in your program it just feeds itself.. deal flow is the key right now.. most have a hard time finding quality. finding defaulted seconds is easy.. and the most risky. 

Seems a little too easy and looking for the cons..

Easy system to see what tenant posted payment.