They offer a background check / tenant screening service, which is paid by tenant.  

@Chris Seveney Are you guys servicing the loans yourself, or do you have a vendor that supports this process? 

Now, if you are an active investor, you can enhance your returns, but the reality is you have to spend a lot of time and effort to get those returns.

Does your projected cash flow include debt service and other expenses after the refinance? 

This is how bank originated debt works in the apartment scenario you describe: The lender collects their origination fees and debt service payments are then collected priorty every month until the loan is paid off.  

Your current homeowners policy might not cover rental activities, so check with your insurer.

We currently have 15 keepers, which is a great size portfolio while we have kids in school and college.  5 paid for houses will also do the job for you, if you have a pension from your service. 

Agreed, most of what I read seems like this should be a no brainer..particularly when actively trying to source new deals.

Didn’t know if anyone else was active.

Hi Logan, are there any reason for not going out of state for these services?