There are other challenges that come with unqualified tenants in addition to nonpayment of rent including unauthorized guests staying in the property, broken windows, and other issues which I'll dive deeper into in a future post!  

I believe Norada offers some type of warranty or rent guarantee program where Roofstock most likely does not so once you purchase and close they are out of the picture. 

Are you all still including this coverage (Wind/Hail/Storm) and paying the premium for it or are you buying policies without Wind coverage?

Here are a few popular options for inventory management in the STR industry:Smartbnb: Smartbnb offers tools for automating messages to guests, but also includes inventory tracking features.

That ensures you don't spend it on other things and know exactly how much you have to spend on the next purchase.

Im a newbie trying to learn how to assign L.O.s with option to purchase. and so ive heard hes the go to guy.

You can read up on "Disparate Impact" Theory on a variety of landlord resource websites, including government agencies. 

Purchase price: $240,000 Cash invested: $10,000 Working on getting this first "OFFICIAL" deal under my belt.

Small multi family is generally the most attractive asset class for out of state investors here as it provides a nice balance of cash flow with reasonable purchase price

The options considered included: Forbearance & Refinance – We considered providing the borrower with a forbearance to delay interest payments for six months while keeping the loan in good standing.