If he is legit, then he shouldnt need anything from you up front (maybe a small $100 application fee at most)Use an escrow service.  

The bureaus will allow payment services to report though so here is a link for the ones that currently report to Experian:https://www.experian.com/rentbureau/rental-reporti...I have heard of Rental Kharma that charges a fee to report just your payment but that doesn't include any payment processing.  

My objective is to move the building in the other direction with improvements and rent increases to get higher quality tenants.    

3 BR/1 bath asking $170k.Taxes are $9,062 (although I saw at least one other figure on a different website, I went with the highest)Here are my assumptions:closing costs - $4,000rehab/initial improvements - $5,000 (this is a blind guess because there are no pictures of the inside available, but let's not focus on this number right now...)Rent - $2,000vacancy - 8% ($160/month)property management - 8% (the calculator I used (downloaded from BP) uses net rental income for this, so it's about $147.16/month)maintenance - $1,000/yearcapex - $160/monthinsurance - $1,000/yearwith a 25% down payment and 4.5% thirty year financing for the balance, I net a whopping -.82%.  

As a Realtor I have certain minimum services I need to perform on behalf of my client and one of those is presenting all offers in a timely manner.

You need you buy and renovate, maybe turn a SFR in to a duplex, something, which will improve the living density.

In my opinion it is cheaper for you to list your properties through a broker that offers Flat Fee MLS listings services.

Next time it might be a disconnect notice for electric service.

Welcome, just starting out you may not need my services, but I would be happy to be a resource for any questions you may have from the property management side, or small apartment acquisitions.

@Ryland Taniguchi Do you offer Lending services?