Learning a lot here and thanks for reminding me about BP HML directory.

Remind them of how you operate and that you run a tight ship. 

@Da Shiek Woodard,As someone who bought those cheap houses over the past 6 years, let me just remind you-- where ever you buy them-- they are cheap for a reason.   

Here's Fannie Mae's LTV matrix (reminder: LTV is inverse of down payment, so 25% down is 75% LTV) --> https://singlefamily.fanniemae...

This makes me feel much better - thank you for the reminder.

I enjoy driving through Summerlin because it reminds of some nice parts of California.

Get their word and if they have not paid by the due date, call them and remind them that "they gave you their word this would not be an issue".

@tom Flood - sounds like a great plan my wife and I were in the same boat as you with our first home being so depressed that we would be paying someone to take it - we did what you did as a landlord and then had to open source our property to tendants we didn’t know personally, here’s my thoughts you have s plan - stick to it do not sway (we did or (I) did and it didn’t turn out all that good) so if tenant doest fit they are not NOT an option even if you truly want to help them or bless them because you feel so fortunate for your own blessings - separate you wants/desires from the plan and look at it and at the tenadants as do they fit or not objectively - remind them that the property is yours and they can live there if they play by your rules no execuces or acceptions - it is business you give them the respect they deserve an expect the Same that’s it - stay objective in every desision try your best to keep emotions out of the relationship and you will use solid thinking - I knew all this before I became a landlord but choose to let emotions rule - not that great in hind sight - anyway when the market turns an if being a LD is not for you and you can’t cash flow a PM then get out - some article  I read on BPhad the opinion that you   Need 5 properties to CF a PM- please forgive any type-o this was writton a phone🤓

The reason I was interested as opposed to direct ACH/Zelle/Paypal....its all automated to tack on late fees, send reminders to the tenant, not accept partial payments etc.....all nice features that take some of the work and hassle out of collecting rent payments.

@Sam Marcos if making 100k is your goal, make sure you look at your goal first thing in the AM, at bed at night, put it in your wallet, everywhere you see as a reminder.