That's all gone with the MLO Comp Rule, and the MLO must get paid the same regardless of loan terms (and mysteriously now everything is 30YF and no fancy "features" LOL), but that cuts both ways -- the MLO can't give himself a big fat bonus on just your loan, nor can the MLO take a pay cut just on your loan.

As a property manager, if a tenant came to me with four dogs wanting to rent.. my answer would be a big fat NO.

I didn't have a $24k car, but I wrote fat credit card checks as down payments on my seller-financed houses and apts. $87k worth.I used my passive income to attack the 87k aggressively about 8 years in.

Wondering if any experienced landlords/ property managers out there have figured out how to "trim the fat" off their rental property expenses & or time allotted to them?

This is only my opinion, but even with going a little over budget and into my contingency funds, my answer to that GC would be a big, fat NO.

(Here in California is fat outside of our price range).Our search has brought us into the New Orleans area; multifamily properties are available and reasonably priced.Beyond being mindful of the flood zones, is there any additional considerations to investing in this area specifically if the numbers make sense?

We walked away from the settlement table with a fat check and a brand new farm.Then I learned how expensive farm equipment is.

No properties to flip, rehab or rent, no contractors, tenants or other annoyances to bother you... just cashing fat checks every month...

However, I know an area that is undergoing some development that is going to cause the properties within the area to be worth multiple times more than what they are now.

Both sides need to man up and take responsibility but unfortunately the banks with their now big fat bailout checks from our wonderful government feel that they don't need to take responsibility anymore now that big bro is backing them up.Nice wonderful system we have in place here!!!!!