whoever you use have them put you on an automatic email alert every 24 hours.

That is a bit tricky, because we sometimes have only 24 hours for paint and minor repairs, but it can be done.Of course it helps if your property shows well, is marketed and presented professionally and your rents are in line with the other 3 places your candidates are viewing that weekend.

I get an email notification when they have initiated the payment and money shows pending a few hours later.

Are you saying you've had three private lenders invest with you to purchase property?

FIrst, I personally rent about 2 hours away from a property my mom lives in and pays the mortgage payment on though I don’t technically claim it as a rental property (No Schedule E).

This took my wife and I several hours to clean up the kitty-litter. 

These loans a generally more flexible but carry a higher rate, or sometimes an adjustable rate, or sometimes they are 15 year mortgage....and sometimes all three.

I can tell you from experience, if by some chance you can negotiate a short sale, if you put one dime in your pocket outside of closing, you could have a roommate and share a bunk in a state facility that feeds you three times a day.

A 'real estate professional' as deemed by the IRS is someone who works 750 hours per year in real estate, AND it is at least 50% of your total working hours.

I’m sure I’m forgetting about a few other small fix/upgrades. 5 years after owning the home we decided we needed a bigger house and sold it in ONE DAY (technically not even 24 hours) leaving us scrambling to find a new home, which was very stressful and not fun since we hadn’t even stated looking yet.