Like pert near anyone in our bizz you do have bummers each year myself I wholesale them off when i do have to take one over.. or i might sell them on my 0 interest short term owner finance program .. which creates some rock solid paper given the assets usually need a lot of attention at that point.. for the speculation I had 2 long term land plays one paid off after 22 years of owning it for a 100X multiple  yes 100X  :)  And the one i currently have that the new CHIPS act could create a huge win for myself and partners..

It may look like you are overpaying on it on paper but if you buy nice product in nice locations you will appreciate and be well occupied at the same time in my experience.  

@Jacob Zivanovich, at this point I would not even bother with paper applications especially if you don't have access to a well vetted one.

Hello and welcome,Best move I made was taking some time to put a plan on paper, talking with some investors, and a bunch of reading before jumping in.

The cost of all the vendors to process a loan: credit, audit, LOS, tax, Underwriting, processing, verifying every piece of paper is a range of $9000- $11000 per loan. 

They want someone to bring them Gatorade, a cool towel, and a snack mix while they put their feet up and earn passive income for years without knowing a single thing or listening to anyone except people who don't know anything.

Do you group paper receipts into folders for each property/entity and then pay bills once a month, for example?

You are organized, but already in the weeds with a lot of paper ideas that may not be realistic in real life.

I joined bigger pockets a while back but had to focus on paying my way through school and passing a dual major in Chemical Engineering and Paper Science Engineering.

People like this generally want to rent until they want to leave, which might just be week to week, and don't want any paper trail.