Note- this is at a higher proposed note rate, (if it was apples to apple total amount of interest paid would be identical.)Thus, borrowers payments are reduced by the exact amount they would pay towards principal anyway.

You can have identical apartment buildings three miles away, in similar condition and one may have a much better cash flow.There is no substitute for knowing the market.

It is not a batch skip trace system, however, it can be a 2nd tool for verification.   

Especially, since you're going to ask for income verification as part of the application (at least I hope so), and there print out from MYPAY to my recollection should show enough of this information through DFAC (defence finance and accounting) to be able to get ahold of them if absolutely necessary). 

What verification did you do to make sure her offer was legit.  

Maybe that's just my cautious HR brain kicking in, but rather than asking direct questions about, ask for verification of.

For my first property I want to do and understand every step of the whole rental property lifecycle and looking for tools which can help me doing that:- Vacancy ads- Collect perspective tenants info for future verification- Schedule property showings- Background checks- Lease agreements (online review and signature) and other docs- Collect payments, late payment fees, payment notifications- Collect and return deposits- Repair request- Repair services lookup and schedule (match with local providers and ability to request them)I’m looking for an automated online system to help me with every step in this journey and most probably I missed some important steps.

Yes, the rates will be higher however; it will allow you to purchase a property without going through the income verification scrutiny of a traditional lender.

I am thinking of holding them in land trusts with LLC (or S Corp) as the beneficiary for identity and liability protection.Can the LLC be formed in out states such as Nevada, Wyoming or Delaware for less cost or it must be CA LLC because I live here?

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.