I think of it as a vendor line of credit that MUST be paid back when the unit is placed in service.

Most of the people on BP that I have seen aim for $100-$200 cash flow per door. 

I have my financial life together so I've only had amazing experiences with the major banks, they seek me out offering assistance and services for deals.

If you could pick them up at 60-65% ARV (seller carry lenders typically don't have robust notes and deeds of trust, servicing notes, and pay histories) and work with the borrow to refinance at or near a full payoff, you'd make a killing.

We have Home Rental Services, M&M Property Management and MRE Property Management as vendors here at MAREI and we have had no complaints on any of them. 

Right now in particular, I'm currently fighting with the hot water tank & gas furnace, hoping to find someone who could check those out without me having to contact a major company to come out for a service call and then be upsold into purchasing a new unit.

For instance, you have ordinary income (income from performing a service like flipping a home, selling inventory, or working a W-2 job).

If you know, is the loan being serviced by a real services, doesn’t sound like it.

Is it being serviced by a licensed servicer?

I know that by law (regardless of what a lease may say) landlords are supposed to provide basic amenities (hot water, electricity) to renters, but what are the timelines that such services need to be made available to the renter when there is a plumbing or electrical failure?