That's interesting, definitely ask the seller for explanation if you can not find information in public record.

I have an explanation of Dodd Frank here on my BP bloghttp://www.biggerpockets.com/blogs/3-reiskills-and...

@Walter Bramhall provided a good explanation of the 1% rule for those who did not know what it means.

I'd be happy to discuss this with you at any time though.Its basic structure involves 3 partners:1 - Cash = They bring all the cash, have no mgmt or loan responsibility2 - Credit = They qualify for the loan, have no cash in and no mgmt responsibility3 - Management = They manage everything from the start of finding the property, through offers, negotiations, closing, etc...Like I said, the full explanation would take up the entire page.  

oh I see the explanation, you explain what you mean by net cap in phone calls, so is that a recognition that what is on your web site is misleading?

Maybe some explanation on the relational aspects of restoration companies and  insurance companies would help add clarity and provide context.

Explanation - I'm a California resident.

For ours, we had to jump through so many hoops that we almost just gave up, with my husband's employer having to write statements about travel expenses being reimbursed, years of tax returns as we have rental income, letters of explanation for almost every deposit over months of statements, just an amazing amount of paperwork.    

Does that sound like a reasonable explanation?

Great explanation Bob.