I know there are a ton of features I don't utilize personally, I mostly use it just for tenant application and screening process, and then for rent and fee collection In my personal experience here's my pros and consPros•Had a template for screening questions on the application so I didn't have to think of things to ask myself•Handles rent collection easily and for only a $1 fee to my tenants for ACH transfer which makes it easy for both parties•I can set up all rent and fees at the beginning of a lease term so it's set it and forget it for me•My tenants have said setting up auto-pay was easy and I like to make it as easy as possible for them to pay me!

If portfolio growth is not the goal, then it definitely reduces some of the risk on your side including third party risk (the bank being a party with a vested interest in the property), but also yield adjustment risk.

The fortunate part is that I did 90% of the work so actual cost was only material and alot of my time.

I’m late to the party but I’ll add something.  

Can I use my own AMC and third party? 

If the parties want to terminate his interest but not her interest, but she does not qualify to pay rent alone, you have to determine whether you are going to allow him to terminate his interest or not.

Value of the property and the terms agreed upon between the parties

Tells prospective guests too that if they plan on having a loud drunken party, our house is NOT the place to do it, so it works as a screening tool.  

While creating an LLC is a fairly simple process that anyone can do the more difficult part is the OA.

This is a place for people to gain knowledge and education and ask questions to get guidance.I have seen sites where GP’s are not allowed to comment on posts (or even see posts in some instances) that were from a ticked off investor and personally not a fan as if someone can throw shade at another person / company without any consequence and / or allow the other party to respond - I feel like it’s just another form of censorship which I oppose