Plus new folks do a very poor job of screening the buyer for Ability To Repay (ATR) which involves pulling full doc and calculating the borrowers DTI, honest income, honest debt payments, prior debt payment histor (FICO) etc etc.Plus shockingly (or shocking to sellers) if you bought this investment house, fixed it, then are selling with financing you are selling "inventory" and y9ou owe taxes on the gain in the year of sale, you are NOT able to use installment sale to spread out paying taxes. 

HOA management for a bunch of peripherally involved out-of-town investors is probably a great opportunity pass along overpriced contracts to your local buddies. 

But there’s another option that’s often overlooked: mortgage recasting.

Happy to answer any questions about the situation.Please be safe and stay away from him, or any companies he is involved with. 

But you have a few different options.

Maybe being a limited partner with some of the really good syndicators out there is an option to this route. 

Some/many lenders don't like a 2nd mortgage behind their first (like the skin in the game), however there are both bridge or permanent financing options out there allowing you to leverage anywhere from 90% CLTV - 100% CLTV, but don't expect good terms...

I was never involved with the selection process. 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

., FTC, HUD and others and the FBI does actually get involved to see if there is a pattern.