-Proper SEC guidelines/filings were not followed to raise capital from a large group of unaccredited investors.

If the lender used your credit report as part of the decision, they should also include details about the credit reporting agency.It’s worth following up with the lender to formally request this denial letter and ensure they’re compliant.

Fix it up and rehab or flip and then you can pay yourself back and have a little bit extra to push to the next one

I admittedly have a bias against condos for the following reasons:1) HOAs - both a lack of control over fees and assessments, as well as potential regulation changes2) they don’t appreciate as much3) you have to work a lot harder to differentiate yourself from your neighbors. 

I find that follow-up is key with ALE and CRS.

I'm wondering about servicing these after completion on a longer term basis following a DSCR guideline as they will be rented, and then selling them in a secondary market.

Off-market acquisition is about consistency and follow-up.

So, he made an average of about $20,000 per loan for pushing a pencil and a cheap paper.

It's good to hear others are having success, but I would check if it works in your area before you spend the $150.I don't know if this would apply to you, but some folks think that FF works similarly to AirBnB or Vrbo where they will push resident requests to you.  

With a lower entry point you can really push some spicy numbers, especially with 5+ bedrooms.