Now I understand in this exact example, the best case scenario would be to simply finance the property with an institution on a 30yr fixed loan.

Typically, institutional investors have larger amounts of capital to deploy therefore, the trades are bigger.

Professionally, my interest was specifically bond- tax free munis, fannie, freddie and higher yielding corp. stuff- nobody but institutions do that kind of biz these days.

DFI Halts Community from LendingThe Department of Financial Institutions has issued an order to Cloverleaf Park LLC in Clintonville to stop acting as a mortgage banker, loan originator or mortgage broker with- out the appropriate state license.

Many mortgages are private rather than institutional, many liens other than mortgages can exist.

For a commercial loan or residential, how do you normally find your loans.Do you go directly through institutional banks like BofA, Wells Fargo, etc or do you go through a mortgage broker who seeks out loans?

I don't think I am allowed to put his email or phone number in this post, but his company GFA Management is listed in the Indianapolis area phone listings, and his number is also on the Manufactured Housing Institute websites under Indiana members.

Some things I learned along the way:-I'm not good at marketing-I need a pro to do that for me-I was too proud of the property and had it over priced-I learned that self managing a property long distance can be done, but it is a royal pain in the rear-A GOOD property manager is worth every dime they charge.

I used this one years ago but they are all the samehttp://www.yelp.com/biz/real-estate-institute-niles?

I was in attendance at the last Real Estate Trends conference for the Urban Land Institute here in Indianapolis.