In the event the borrowers have misunderstood the term limit of forbearance then late payments might be being applied to the suspense/unapplied since the payment they are making, believing they are being forbear, are insufficient for the account.  

He was really pushing a life insurance vehicle (EIUL), which I am skeptical of given the insurance companies' normally exorbinant fees on these type of products.Turning down free money from a 401k match is barely different from saying you aren't going to accept your social security payment when you are 66-70, because in and of itself it is insufficient for a full retirement.Sure, people have not saved enough for retirement in their 401k plans and overall they are insufficient unless you have saved 14-15% for 30+ years, but that doesn't mean you should throw the baby out with the bath water.

(I'm kind of a science and human nutrition fanatic) Recently, I changed my major to Business... lol IDK what I'm doin with that. and I'm sure there is no "Real Estate Investor" as a major lmao.

Wait a sec - you go to all this EXTRA effort for somebody who wouldn't have qualified in any case, due to insufficient income?

I have a full time employee at my nutrition store so thats not going to be an issue. oh yah btw my goals are to be finacially free so i can spend time with my amazing wife and raise a Godly family who serves the Lord. i want to be able to have the freedom to travel and hopefully one day start my own church....heres the deal...my soon to be brother in law thinks much like i do and is already starting to get his feet wet in this business. he is 24 as well. he made me an offer that if i came on board with him he would teach me the business and introduce me to his investors, ect. he said i could go find properties that i wanted to purchase and use the investors money and that we could rent the houses out and i would make 1/3 of the rent we profited each month plus 1/3 of the profit once we sell the home. i basically have no risk and need to cash of my own. sounds like a good to me and i can gain some awesome experience for bigger ventures down the road. i wanted to get any advice or input from you guys on to what you guys would do if you were in my shoes. i am very teachable and would love for someone to mentor me on here. thanks ahead of time-jeremy

(3) If the lienholder becomes the purchaser of the property andthe amount for which the property is purchased is insufficient to paythe expenses of the sale and to discharge the lienholder’s lien,whether or not a claim has been filed, allowed, or approved, thelienholder shall pay to the clerk of the court an amount sufficientto cover the expenses of the sale.

I'm a know it all and I've determined the attic insulation to be insufficient."

That includes factors that make them a bad risk, including:bad credit historyincome that you reasonably regard as insufficient to pay the rent, orpast behavior such as damaging another rental or consistently paying rent late.

It's OK to ask what others here do, but what  works in other local markets might be overkill where you are, or might be insufficient.

Do you still think these hedges to be insufficient?