Apparently, name calling, hysteria, unwillingness to consider any experiences other than your own, and ideology have replaced willingness to consider others opinions and experiences, common sense, and respect.  

We are assuming a Fannie Mae loan with a fixed interest rate of 4.74%, significantly lower than today’s lending rates.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

In this market, with interest rates and prices at where they are, they're usually not viable (i.e. don't cash flow).

If the numbers make sense, which usually equates to 10% or better cash on cash and roughly 1% rent to price ratio in an area that has appreciated well recently, I don't care how far I'm away from that market, I try to buy there.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Projected : [ $3000 <-> $3500 ] (rent) - $2000 (LTR) = (-) [ $1000 <-> $1500 ]------ So looking at +/- a couple hundred bucks a month but accruing more in terms of appreciation and possibly taking on more PM work.

He said verification usually takes weeks (despite both the phone number and address being the same as when I set up the account a month and a half earlier), and they'd get back to me in 5 - 8 business days with an update.

When I sell a property with owner financing I want an interest rate of 2-6 points higher than the Lowest commercial rates.  

Hopefully in a positive and helpful manner rather than judging and criticizing like some, which thankfully is pretty rare.