What are the alternative choices if you don't pursue this?

Pretty competitive comp for this part of town. 

However, the impact of this method depends on how interest is calculated on your loan (e.g., daily vs. monthly compounding).Bi-Weekly Payments: Paying bi-weekly effectively means you're making one extra payment each year (26 half-payments vs. 12 full payments).

Purchase price: $150,000 Cash invested: $150,000 Rental of duplex What made you interested in investing in this type of deal?

@Cathy LiRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

I've heard of other people doing this, but I am not having any luck finding a bank to work with.

You can drop by with a "document you need signed to further explore their application” and while on the porch, take a quick peek inside.

Is the only place where this works some sort of a private loan with a local private investor who understands your situation?

What market is this property in?

We're all in this to build something meaningful, and I'd love to hear more about what you're working on in Norfolk!