Consumers were left reeling from plummeting home values and credit markets tightened.

They are grateful, they accept responsibility and there are far fewer free loaders!

Expensive and time consuming to maintain and almost no benefit. 

This is a product of fewer real estate transactions.

Remember, many of the new rules, particularly Dodd Frank Act, is the banks influencing politicians to pass such stupid laws with the claim that it is consumer protection when in reality, it is the banks protecting their own interests.

I've been a BP content consumer for probably 4 years but never joined the forum club. 

(For context, we are in the luxury market and the guests are very demanding - they want lots of communication, concierge etc.. and maintenance, lawn care, gardening etc is time consuming.. so there’s a big job beyond just brokering and managing managing funds)

To protect the purchaser of the wrap-around mortgage, Texas Senate HB 43:provides for wrap payments to be held in a constructive trust by the seller for the benefit of the buyerestablishes that anyone collecting or receiving a payment from a wrap borrower in connection to a wrap mortgage owes a fiduciary duty to the borrower for the paymentsdiscloses the nature and risks of wrap transactions to buyers and offer consumers the right to rescind transaction/agreement when disclosures are not made timelydefines “wrap mortgage loans” as a residential mortgage loan:made to finance the purchase of residential real estate that will continue to be subject to an unreleased lien that attached to the property before the loan was madesecures debt incurred by a person other than the wrap borrower that was not paid off at the time the loan was madeobligates the wrap borrower to the wrap lender for payment of debt, the principal amount of which includes the outstanding balance of the debt and any remaining amount of the purchase price financed by the wrap lenderclarifies that a wrap mortgage loan may only be closed by an attorney or title companyprevents “house flippers” from registering as financial service providersprohibits a person from making wrap mortgage loans unless the person is licensed or registered to originate or make residential mortgage loansThe new law goes into effect on January 1, 2022.

One of the best ones is a Bigger Pockets classic:Amazon.com: The Book on Managing Rental Properties: A Proven System for Finding, Screening, and Managing Tenants with Fewer Headaches and Maximum Profits (BiggerPockets Rental Kit, 3): 9780990711759: Turner, Brandon, Turner, Heather: Books2) Never tell your tenants your are the owner.

Personally, I don't consume my cashflow so I have had reserves when I needed them.