Jay, can you send me a link to their profiles.you will have to ask Mindy.. but I just got another PM from him  and it was from account closed.. so not sure how he / she managed that. still trying for that 800.00  which first was for PPI   private payment insurance then turned into application fee  

@David Michael , if she is going to LEND you the money, have a loan agreement drawn up with payment schedule, etc.

They will either get caught up on the note payment or they will be forced to move. 

Also keep in mind non-rehab related costs such as holding costs (utilities, taxes, mortgage payments, etc) and selling costs (commissions - typically around 6% total, staging - if applicable, etc).

We have been collecting all the rental income into each LLC's respective business accounts and set up "auto-pay" payments like utilities to come from those business checking accounts.   

I was considering a property manager but I really don't know if it's necessary  as long as I could set up some sort of automatic payments with the tenants.. 

I'm in charge of a small 3-unit HOA, just wondering if anyone is collecting payments from unit owners online in any way?

They have accumulated a larger down payment through additional option payments or credits over the lease option term.4.

So I'm looking for some guidance from the bigger pocket community.Basically it's myself and two other people who are pooling money for a down payment on a single family home out of state. ( I know this brings up a whole bunch of questions as to why am I not doing a Multi instead, why is it out of state, etc., but we wanted to start with a SFH to get started and understand all the moving pieces before moving on to another property.)Where I'm getting caught up is the complexity of working with other people on this deal.

That means your equity must grow from 3.5% (your FHA Down payment) to 25% - 30%.