Qualified mortgages must meet certain standards set forth by the Dodd Frank act such as no risky loan features such as balloon payments, debt to income (DTI) can't exceed 43%, no excessive upfront costs and fees and no loan terms longer than 30 years.Many loans are sold to the government-sponsored enterprises Fannie Mae and Freddie Mac or other aggregators, which can repackage the loans as mortgage-backed securities, or MBS, or hold them on their own books and collect the interest from borrowers.Non-qualified mortgages are written by lenders who may use part of Fannie Mae and Freddie Mac underwriting standards but they have their own underwriting standards which is why some non-qualified lenders will write loans for self employed people who have less than 2 years of self employment.

An attractive enterprise for folks living in markets like Portland.

In your shoes, the first thing I would determine is whether my partner really should - and wants to - be a partner in the enterprise. 

Are each of you bringing key components to the enterprise other than capital? 

I made this comment in some other forum but it applies here so I would like to receive your feedback on it directly in this thread.Passive (leasing) ranchland annual yield is 0.05%-2.5% depending on Location.Bozeman = 0.05%Carlsbad New Mexico = 2.5%The livestock enterprise profit margins should double that, thus taking one’s Net annual yield on all capital assets (cattle & equipment) to 5% (with immense risk behind that).The livestock operating entity may not be that compelling of an investment pitch without integrating the historical risk/return performance of rural land, though there are lease operators who are probably in the annual net profit margin of 10-15% (lean operators.)The intangible and “psychological” benefits do (subjectively) provide a higher annual yield; quality time with family, being in nature, hunting and recreation, freedom independence and diversity of one’s day/month/year.Does this make it a “lifestyle” business much like cupcakery and boutique pottery?

Paul LoRusso at JIL Enterprises, PA.

I just started a company called Andrews Enterprises, that specializes in wholesaling!

They do pretty similar things but zapier seems to be gaining a lot of momentum (especially in enterprise market) and integrate with lots of web services.

i now have 3 properties in the memphis area, 2 with "hardin enterprises" and one with "realty capital management". hardin enterprises im about 50% satisfied, and realty capital i havent been with long enough to say, but so far its about 85% satisfied. 

@Sammie BakerTry Enterprise Property Management.