And what I am personally seeing the Market place today.Commercial bank/ community bank were you have significant deposit relationship and long term relation ship..   7 to 10% plus 1/2 to 1.5 points.. these are relationship and experience and capacity lenders..

All great responses to your question, and completely agree with everyone above.I have 2 properties in HOAs and the barrier to entry was substantially lower in my market than a single family home not in an HOA.

We have changed our language to state the the person renting must be at least 25 and MUST be present during the entire stay. 

These areas are all great and growing really fast, in my personal opinion.

I admit it's not sexy and it's slow, but it works.If I had to do it all over again, I'd buy a personal home with 3-5% down then repeat every 12-18 months.

If you haven’t educated yourself on general investment strategy, then I would say that you likely haven’t maximized your personal business either.

They just take a personal financial statement.

So you're the person I’m competing with to buy my first house huh? 

I chose to build my PM business from ground.To create a working system and to organize processes is difficult in the beginning, but to my experience it is possible to create a working model based on personal knowledges and then to provide a high level of service to the clients.

Or steps  Never recommeneded if I was the GC as what if the person does not sell the home or it sells for less than what they owe the bank and the GC?