Exactly what I’ve used for over a decade of turnkey, fully-automated, remote tenant leasing.

BP Community,How are you leveraging ChatGPT to augment, automate, and accelerate your real estate ventures?

-While I have automated as much of the experience as possible, I find that I am consistently being drawn into various issues.

Since the security instrument is not changed, there is no new large fee for title insurance but the lender may request an endorsement to the policy and perhaps more of a gap insurance fee, similar to getting a reduced rate for a refinance.  

Automated clearinghouse network.A operates an automated clearinghouse (“ACH”) network that merely processes electronic payments (such as wire transfers, electronic checks, and direct deposit payments) between buyers and sellers.

So if I'm using an online system for rent collection I want the benefits of computerization and systems to automate the process, other than that I don't get the benefits for the reason to use it if I'm still screwing around interacting with tenants every month about rents to collect $20, $40 or $100, I've got better things to do with my time than stepping over dollar bills to mess with pennies.Like I said the system isn't very intuitive, like when you renew a lease, they make you start all over again as if the tenant has not been using the system of the last year, two or three...Your tenant signs the renewal lease for you and then you have to start the whole process over again with the tenant, "by the way I know you've been living here for 3 years and have been paying for three years, but as your reward for renewing your lease with us, please go enter all your information back into the rental payment system and sign up all over again."

Automated appraisal.

Simply by way of the structural differences in the instruments and the rights and interests they protect and secure.It is good you have had a long history without issue.  

@Hannah Hammond  I would assume your going to use the 200k to pay cash and have no debt.. other than if your private lender wants a debt instrument on the property. so that's your budget .. what ever works..

@Jeff Rappaport has good information on the types of instruments.