You'll have to forgive me as some of these posts were made quick a while ago but I wanted to clear up any misconceptions.

I was confident I was protected in the event I had to foreclose and dispose of the property.This is meant to correct what seems like a misconception you have. 

:D This is a pretty common misconception; and to be honest, the only reason I know it is that it was a recurring topic as part of my licensing class.As you mentioned, consideration *IS* a required part of any contract, but specifically for real property transactions, just the *PROMISE* to buy or sell is considered consideration enough.That said, I think even most attorneys would suggest putting down EM, even if it's technically not required for a valid contract.

Some SBA lenders will finance certain existing businesses CRE at 100% LTV through the SBA 7a program.This is a common misconception that the max is 90%.

Just to clear up a common misconception.

I've been in several discussions recently about misconceptions about wholesaling, and I always like to bring as much clarity as I can to a topic.

A lot of people come here and "heard" something and have no regard for what takes place in one state vs another, or what was doable 5 years ago as opposed to now, or just don't listen period and end up with a misconception of what is do-able. 

@Erik Stewart I wouldn't call it underdog, but people have this misconception that service members don't get paid well.

I was under the impression that this was a common misconception and that derogatory accounts actually stay on your report for 7.5 years from the original delinquency date.

You don't need any trust.The exemptions under the Act mentioned are to trusts and transfers dealing in estate planning matters, not simply to any trust.Search here on BP "Due on Sale" you'll find that there are total misconceptions made by investors.