My lender requires the same documents for every loan (proof of income, rental income, property insurance paid, escrow account yes/or, etc.)

I swing by once a month to check the salts, chlorine, AC filters and to make sure everything is working as expected and to collect rent if they prefer to give a check rather than CashApp/Venmo.

Would you rather pay all the taxes on that or collect monthly income and only pay a small portion of taxes on that monthly payment and the downpayment?

In NYC you’re only allowed to collect $20, not enough to cover the standard $35 fee.

@Andrew Freed These programs make money by collecting premiums and declining coverage.

No agent is going to request financials of a listing agent's multi without a proof of funds, pre-approval, or hard money letter.

I don’t know how/if I can post a photo but I just saw the following in showing instructions, and had to share (picture proof available, copied verbatim):“LOCKBOX:Supra/front door- how easy is that?!

Not to mention, ideally, you'd like a condo with reserves - no way to collect that unless the monthly fee is higher.

I realize that collecting is another matter, but let's say the tenant likes nice cars and cares about their credit.

I definitely don’t disagree with create efficient systems, but I do think there is value in learning hands on until you have “proof of concept”.Anyway, best of luck, feel free to reach out with any questions.