Your property manager is successful when they have standardized systems in place and trying to adjust to the personal whims of every Landlord will just result in mistakes and kill their business.The bigger issue is their inability to communicate.

Not my circus, not my monkeys.We do not do these practices you have assumed as an industry standard.

Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in place

If you have the cash take AI (Appraisal Institute) classes as they are the gold standard and companies like seeing AI.

The challenges will be the recent tightening of qualification standards, but if you've got some reserves, proof of decent income, and a credit score above 700, you should be fine. 

“Buy” the property from the homeowner at current market price, but let them continue to live there and offer continued support to get the house up to common standards, and keep it that way.Establish minimum standards referencing those used to obtain FHA lending.Probably worth a professional home inspection if it has been more than 6 years since the last.Build a step by step scope of work and schedule that brings the house up to common standards.Schedule “check-up” walk throughs after year 1, year 3, and every 3 years after that.Ideally the resident of the property will carry the note, or a combination of a smaller loan from a bank to cover a chunk of cash if needed.Establish the purchase price at the beginning of the relationship based on current market value.

First off wasn’t 2008 simply an outcome of poor underwriting and loose lending standards which have since been tightened.

We provide the project that is the standard by which other’s are judged.on time. on task. on target.

There's not going to be a "no cost" standard mortgage.

Fannie Mae HomeStyle - this is a standard conventional type of loan that does not need to be refinanced.