The problem I see is that it’s almost impossible to quantify risk.Fannie, Freddie, BofA, and the like, have huge databases involving millions of loans and can accurately assess the risks involved in the nuances of any deal.

<g>All of which enabled me to pay 50% of the recent-comps value at the time and also to sell off a pair of building lots which were originally included (the listing description was wrong) for another 20% off.So weird events have been good to me - keep them coming I say.

Today I own a property management company and we are getting ready to rebuild this website to enable more SEO options. 

A solid agent will have a data base of reliable contractors, home inspectors, foundation specialist.

If you PM me the address, I can check the lead database and see if it's ever been done.

If you want to check us out sometime we'd be happy to have you as a client.Really quick I wanted to break down Pros/Cons of SmartMove.Pros:- Ability to have applicant or landlord pay for the report- Access to a full credit report that includes score- Eviction data is included which is not the case for every credit reportCons:- Criminal data missing from MA, DE, SD, WY and CO- Tenant involvement (if that is a hangup for you)- No one is fact checking your report due to it being an instant serviceSM is a instant service and the 5 states mentioned above do not allow "instantaneous access" to their criminal databases.

Also, any turnkey or property management companies recommended that would enable a large multi to help passive out there?

On top of all that, they just built a giant gated resi development right behind building #1, with an entrance a few hundred feet away, and there's talk of a bunch more apartments going in behind building #2.It sounds like a business owner's dream, but it's actually a bit too much - alleviating this shortage will enable other businesses to grow in the area, which in turn helps us.

We are confident that our leading real estate platform, deep sector expertise, and operational advantage will enable Pretium to continue to acquire, renovate, and manage single-family rentals, while seeking to provide our investors with the risk-adjusted returns to which they are accustomed.” 

One more thing about a higher-interest loan:Financing the new property at 9.5% with 60% down will give us a payment we can afford ($600-$700 / mo with taxes and insurance), allow us to improve our credit and finances, which would then enable us to refinance a year later at a lower rate.