If any loan is made in violation of that written policy it is basically a stike against them in following prudent lending practices even if it was a great loan, it's still in vilation of the way the bank said they would conduct business.

Sheriff sales in Ohio are conducted under the principle of caveat emptor!

So after tooling around these forums for a while, conducting many searches, and reading a lot of posts I have seen something that has come up often but not yet been addressed (please correct me if I'm wrong).Everyone says you MUST buy properties at HUGE discounts.

Manish,Why are you conducting this research?

If you combine that with some state taxes, then the rate becomes the highest.http://www.taxfoundation.org/publications/show/22917.htmlIt is no wonder companies move out of the US to conduct business elsewhere.

You will still pay tax on all retained earnings and depending on how well you can justify the retention as needed to conduct the business you may pay some additional penalties to "retain it".

The annual inspections that are conducted by the government to assure "habitable" housing make us landlords stay on top of things and make tenants clean up their act.

If you pass the test-about 60% pass rate, you have to have at least 3 years of experience to gain the designation (where I am lacking) all of this on top of a bachelors degree requirement, ongoing yearly professional education and a code of conduct that must be followed or the designation is revoked.

You conduct this inspection.

oh, I also found out the HO has been arrested a few times. disorderly conduct, resisting arrest, drunk driving.