$20 is too steep for me and would only work on the high end properties price point IMHO

Good for the buyer who would otherwise pay out of pocket to close, and good for HMH which gets the property at a low interest rate.

There's also the benefit of staying more hands-on with your property.

Currently working on a deal to buy a 140 room property that is right next to a major freeway, and hospital.

Hi Kristi,If you plan to hold the property for the next 5 years, opting for a 5 year prepayment penalty makes sense, as it will significantly lower the rate.

You can use property management software that does everything online.

If you are doing your part and really looking at the property and dug in deep on the underwriting, you should be good to go.

I would think they would.I was just thinking after seeing someone one the news who had their life savings in Florida STR's.I think it is important to diversity and not have all income producing properties in one place especially when it is prone to a certain type of potential destructive weather. 

I can no longer contribute to a ROTH IRA and am looking for ways to accumulate more liquidity long-term to continue purchasing rental properties.

How many property will you need?