Additionally, the process for this particular loan can be cumbersome and lengthy.  

If you hire a company who manages 200 units and has insurance and bonding you might be pretty good. 

I don't personally think so.The real estate market isn't "efficient" the way the stock and bond markets are.  

As for the bank threatening foreclosure, that process is very lengthy and they would rather negotiate either a short sale or Deed in Lieu of foreclosure, but in order to get to that position, you will have to stop making the mortgage payments. 

But for bigger work, such as changing out the electric panel, HVAC, sewage pipe etc,  I suggest you hire the licensed, bonded and insured.

Remember the site is marketing based, and a "background check" could simply mean they paid an online background checker and paid $2 for it, just like HomeDepot's Red Beacon where they advertised their list consist of "licensed and bonded" contractor, they simply go to your state's and verify license number, but that is it.

Certainly not as passive as investing in stocks and bonds, but much less work than wholesaling or fix and flipping.If you want to do fix and flips, why not do that now?

If a rate minimization is your goal due to a lengthy hold period you will want to request zero yield spread from the broker too so that they can find you the lowest rate in trade for more up-front fees.

I used to call clients all day offering them 5% tax free muni bonds and they bought as if they were starving for them.I now see the returns using tried and true real estate methods and can understand why this is a path that many travel.My area of focus has been on highly specific notes and have identified the top paying areas of the country.

No tax returns, no bank statement examinations, no lengthy bank red tape to block you from a deal that makes sense.