Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs. 

You can also listen in on Rob Abasolo's Youtube channel (Rob is one of the recent Bigger Pockets host) and you will learn a lot from him.If this group offers an opportunity to invest with them or their properties, then it may be worth the price. 

Richmond certainly would have some potential in pulling trades from, but coming from Lexington, you might face an added trip charge on top of the service provided.Over the past few years, rents have increased nationwide.

Look for loans such as DSCR (Debt Service Coverage Ratio) loans. 4.

These typically include services like renters insurance, HVAC filter delivery, pest control, and sometimes utility management.

For a so-called Christian hosting a Christian Ministry and makes us get up at 6am on Sundays for his sermons, he sure doesn't practice what he preaches, but instead is a cover up for getting rich.

My cousin is using one and likes it.Cell service is weak at our cabin PF so it would not work there.Might be good for a smaller house in an urban area with good cell service.

In fact, even with my extensive experience, I choose to have all my properties professionally managed.Here's why:Tenant Selection Is CriticalThe most valuable service a property manager provides is selecting reliable tenants.

Now that is service!

Even if you end up paying a PM for the service to place a tenant, there's no guarantee that they will last long if these other parameters of due diligence are not met.