When I subsequently asked the tenant over the phone how many cats she had she said four, which is likely half the number she actually has, but is still a lease violation.At this point I feel like it’s pointless to even ask if the cats are neutered (and therefore less likely to spray urine on walls) because clearly she is willing to lie to me and her attitude seems to be that she makes the rules not me or the lease.

When in fact its in default and the broker or GP is actually making the payments. 

I'm happy to share my inventory sheet with you as well if you actually need a property right now.

Becoming a property owner.The hardest part about this right now is underwriting deals, remaining patient and disciplined.Outside of that, the actual details of managing the property are only hard if you do not have systems in place, delegate responsibility, and don't fully comprehend what physical asset investments require-- capex & opex heavy.

Has the borrower actually received anything?

While other banks will allow 10 on credit and then allow you to switch to a DSCR or actual portfolio loan to free up credit.

That way when a deal is brought to you, you know the seller actually wants to sell.

Asking about the SW suburbs specifically, in the land of long sidewalks and big actual parking lots. 

Do we focus on flipping, (currently we have actually been trying to do this, but we physically can't find enough contractors in our smaller market <100K population to do that much work).

Obviously there’s a number of things that can go wrong, I’m just curious if you find the documents less effective than one from an experienced lawyer but you are willing to accept less quality for a cheaper product or if you actually find them more effective in the first place.