I'd prefer have a company do this for us unless it's simple enough to run on our own.

Or Another strategy I heard is you get another policy with the name of your LLC/trust as the primary policyholder, identifying the mortgage company as well, then adding the seller as an additional holder. 

There are a lot of investors doing this successfully in Ohio! 

So, they prefer shorter and "easy and to the point".Those types of contracts will get a property management company in trouble.

There are lots of reasons why this might be you…but alternatively there are MANY an investor that are very successful WITHOUT Fannie Mae or Freddie Mac.

They are managed by a company that rents by individual rooms.

My company is looking at the acquisition of a pool of first position non performing residential mortgage notes in various states.

@Immanuel Pierre there's ONLY a couple of companies that manage room-by-room because it's so difficult and time consuming.

Many of the large companies discourage it, but I'm not sure they disallow it completely.

Let's partner for success."