For one of my multi-family properties, I chose to dig my toes in the sand and make extra payments on the principal until it was paid off. 

Don’t waste time working on impossible or near impossible deals just because you have extra time; spend that time in efforts to find doable deals.2.

Allow a pets and I think you will have a great spot.Would adding that extra space/ spending that money be reflected in an appropriate increase in the property value too?

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I'm solving all those points with extra stars :).Hi @Josh BowserYes GVL market is not bad but it has some downsides.

One less extra software to worry about...

If the property is in a rough part and only rents for 1000 and is harder to manage than a rental that's double that and it's percentage based they gave to be compensated fir the extra work. 

@Kobe Carr Please pay extra close attention to the property taxes on anything you buy in Texas.

If there aren't issues with this and it wouldn't be too much extra work, I'm really just looking for an additional tool to incentivize our borrowers/purchasers to keep paying timely each month. 

(it will take you 163 months to break even on your cash outlay by paying that extra towards principle).