I wrote the numbers out, with a side by side comparison to the traditional sale, from now until he invests his sale cash into paper (which is the norm). 

You are what they are looking for: Liquid, with great credit and lots of experience.Cause at the end of the day most of these loans are securitized and sold off to groups of investors who actually hold the paper. 

On old paper applications the written permission applicants signed giving was usually to pull credit and background checks I think but with the Zillow process that is all taken care of before the application is submitted and you get those reports.

So yeah, that was a tough year to write a big check for a piece of paper! 

It may look great on paper, but then the tenants are not paying rent, they need to be evicted, and every single unit needs a turnover and now you are underwater.

Legally, if this situation happened in PA, per our lease, we are not required to do anything at all.

I'm providing context for the data; I'm solving actual problems that the appraiser is facing at the moment he's facing them; I'm making the data I'm providing not just a bunch of sheets of paper, but a significant part of the process.For example, when the appraiser starts asking, "So, are these cabinets brand new?"

Reading all the books and watching the Bigger Pockets videos, everything seemed to make sense on paper but was so difficult in practice.

There are apps but a spiral paper notebook is fine.

They have most to do with the developer and the fact that you have to advance a significant amount of money against just a piece of paper without any guarantee that you’ll get either your property or your money back.There are actually two distinct risks here.