Now who do you think is receiving the benefit of this saving, in reality?

That's the reality of it.   

I don't think your working in reality. 

It can be done but I would probably also diversify it in private lending or another type and just not NPN's.I think reality people need to understand is the days of 25%+ returns are only happening if the operator is on top of their game but stuff is being sold and priced out at 15-20% and that should be the expectation.

Never close on their ARV and grossly out of touch with reality on their repair estimates.

We also always try and use the delayed financing approach if possible as we can recycle that capital as soon as we close and sink it back into another deal. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

The reality is many of these are not deals because the sellers will not do subto.Its like asking a married person to marry you and leave their spouse.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

That is just reality so I was hoping to find an outside thought on the deal.