Its not worth trying to collect it each month, the time and hassle, for the little amount of difference it will be over a good estimate. 

Class C and below on the otherhand, take a lot more time and local knowledge.

I am a long time listener and advocate of the BPP.

Purchase price: $285,000 Cash invested: $40,000 purchase Price $285kRenovation Cost $40k (on budget)Renovation Time: 41 daysARV: $425kIf you are looking for a long term or short term rental in old town alexandria or just a small / tiny home primary residece with NO HOA right on King Street, this is your home.Contact with questions, interest, referrals of anyone you think might love it. more photos will be uploaded soon.

The cost is the interest, and they get paid over time. 

My advice is to take your time learning the ropes and understanding the market.

Oh to be 21 again ... only this time smart and buying a property in Denver to house hack. 

His primary mortgage was sold to a private lender in the early 2000s and he claims he had to give an explanation each time as to why he financed with a private lender with such poor reputation every time his credit was pulled.

It helps handle all the "back of the envelope" calculations a head of time for all listings within 50 miles of your city.

You will certainly run into challenges that you did not anticipate and it is great to have a responsive and helpful lender partner.Naturally you will want to find a product with competitive pricing and leverage, though keep in mind first time investors do not always qualify for the lowest pricing.