@Tim Kaminski Wish u guys chatted here lol.

Ask your local credit union they will give u better rate , Ltv and also  ask them if you can get the appraisal your self or they going to   Do it with their own appraisal..  

Its also kind of comical also unless U really been through litigation most of the folks on this site have no clue how it really works..

Yes you do if u are running a business in most cities you must have a business license.

Over the last few years with the value going up though I've seen quite a bit of tear downs for new builds, especially around the U. 

@Dean U. yeah so far it’s been great and really helpful!

Most learn it's IRR that matters in the end, not the $200 month you average for a year or 2 until a bad tenant or cap ex wipes out 5 years worth in one swoop.yes if your going to look at SFR rentals on a cap rate basis like most do.. then you need to measure IRR  monthly cash flow is really meaningless.. you wont know how you actually did until U exit..

Vertically integrated  they have call centers they have closers that run out to the property the second they get a lead they have office staff to handle the transactions..  3. owner is sharp knows the business inside out.. and frankly would do very well at just about any business they wanted to work in.those that do this on their own with zero help.. those come and go with the wind.. failure rate I suspect is far more than 90%Along with Markets matter.. do you live and work in a market with excess inventory that can be had.. or are U in a very tight market.. tight markets are tough..

basically they only screw U once and you move on.. although I have a hard time thinking bird dogging is going to do anything but give you a little extra spending money.. its not going to leap frog you into the industry.. 

plus if you don't charge interest IRS will hit U with imputed interest .. so you will pay tax on some of the income like it was interest income.IE you can do 3 and year and no more than 7 in your portfolio at anytime.. this is to allow mom and pop IRA investors to loan their own money I know this exists in Oregon..but if your in the business that's different. so if you have bought a park with 40 park owned and 10 rentals and you want to move those park owned to the tenants.. then yes your probably in the business.Eddie Speed has been working on a national committee to try to address seller carry back for US investors I don't know if he is making any head way.