But you must have a pre existing relationship with them. 506b also has onerous reporting requirements like a yearly financial audit that will run you $10-$20k, so if it’s less than $1M a 506b may not be way to goAnother is a reg a+ offering but that costs $100k+ to setup and requires registering and review by sec.If you want passive investors who are not accredited there are not many options.

If you like to get some market reports please feel free to reach out. 

This will likely involve filing a police report as well as sending copies of your purchase and loan docs.

Ideally the tool would be able to collect rent, send reminders, include late fees, and do accounting reports. 

Also keep in mind in general crime is up, so think about security systems if it is a concern.Although this next statement probably won't make you feel better, but not all crime is reported. 

After about 6 months in I found out It had a foundation crack because water was coming in through the basement (wasn’t mentioned in inspection report).

Last note... once you have owned a property and the income is reported on your tax returns, the underwriter will only allow you to use the income reported on taxes. 

You can generate very comprehenisve detailed reports about occupancy, trends, delinquency, etc.

Here's the benefits:Not reported on credit30-year fixed terms, whereas banks usually do 20No income, dti, or employment docs neededSince it's not on your credit, the loan doesn't impact your DTI

View report*This link comes directly from our calculators, based on information input by the member who posted.Hello y'all,this is my first potential deal and I kept messing with numbers extensively, although can't get to clear conclusions.