How is the rent amount determined?

I stayed on the phone with them for 5 minutes to long today and all in all came very close to signing up with these guys.There are testimonials of their success stories and undoubtedly there are people on here who can succeed with them.

When  every tom, dick and harry thinks they can do it and jump on board it is usually a sign home prices are about to peak.Best buck return wise is probably MHCs....Mobile home communities.

-Make sure you know all the questions you need to ask the potential seller to determine why they want to sell and to see what are any issues they have and how you can solve them-You'll need someone to help you with rehab estimates if you don't know how to do it and you'll need someone who has access to the MLS so that you can figure out an accurate ARV. 

Even if I have him sign escrow instructions and his grant deed and deliver back to escrow, he can still instruct escrow not to record if he decided to.This property is around 600k, so my monthly carrying costs will be around 5k/mo. 

Online payments are paperless and hassle-free if you can get your tenants sign up for it. 

But if it's in your lease & both parties sign it, is it enforceable?

@John Wallace This is in relation to the deductibility of interest on the borrower's individual income tax return as an itemized deduction (Schedule A).If the proceeds from an equity loan are used to purchase another investment property, the interest will be deductible against rental income.We have to apply the tracing rules when determining the deductibility of interest payments.

He said as long as I put up a sign, it rents very quickly.

As far as penalties for taking more time , The contract I would have you sign doesnt have anything close to that in it .