Don't be too discouraged yet - sometimes it does take time to find the right tenant who will commit - especially in a small town.

Make sure that he is also committed to making you successful.

The origination fee is 3%, and of the 3%, 1% is due when commitment letter is issued.

I might suggest trying it for 3 months before you commit for the long haul, and always have an exit plan ready to deploy.

Some don’t feel they need to commit to that many.

Hey Josiah,Are you committed to pursuing Real Estate?

But it's a two way street, both sides are committed to the rate and the term.

I think this is a good time for landlords that can provide quality SFH at a reasonable price to allow millennials the lifestyle/home upgrades they want without the commitments of actual ownership and the struggle to budget for down payment on top of student loan expense, car payment, vacation (for instagram likes) etc.    

I've been researching a few, but haven't committed to any of them.

And never hesitate to ask the attorney for an estimate of the total legal fees for what you need before you commit to paying the attorney for more than the initial meeting.