The reason stated is to enable them to easily securitize several loans and sell them on the secondary market. 

in Nashville, TN and Asheville, NC to attract work/live musicians in the former & artists in the latter.  

I've identified critical business needs that enable me to function without overstretching my short term budget (building in longevity to my plan).

Myself and my wife have greatly benefitted from going through his financial peace book, and getting our personal finances in order, which has enabled us to invest more in Real Estate.My question comes about his initial venture into real estate:"In the 1980s, Ramsey was heavily involved in the foreclosure real estate market, and by the age of 26, he had a rental real estate portfolio worth more than four million dollars.

But, it's a good thing I am a "nerd", because my interest in machines and buttons, and what makes things tick saved me thousands of dollars in the long run)This business is a business of people management, evictions, damages, court scenes, proving you are right in court, and having the proof and evidence to back up what you say.With that in mind, and me being my own attorney in court, I found the following useful "Technology" that enabled me to never lose a case in my 13 years as a landlord.The following is what Technology did for me, that helped me in all phases of this business.QuickBooks:  Kept track of all my tenantsKept track of all RepairsWhat tenants owedHow much each tenant paid in Security DepositsWhen I purchased a rentalHow much it costHow many square feetWhen I sold itFor how muchProfit and Loss Report to see where I stood financiallyHow much money I owed to my VendorsAnd everything I wanted to know about my tenantsNextI had Vonage Phone (An internet phone) that did the followingActed as an Answering ServiceKept track of the date and time the call came inCould view the call in audio and in written form on my computerCould print out the message and take it to court with meKept track of the date and time I called someone Allowing me to print this out as well if I needed it for courtNextStamps.comThis kept track of every piece of mail I mailed outThe day and timeThe person I sent it tooAllowed me to print out a report if I had to take it to court for evidence; And it served as a proof of sendingNextPrinterComputer/laptop (in my case if it had keys or a laser pen, I had it. 

This will enable them to convert currency when it makes the most sense (i.e. last year for CAD => USD, right now for the opposite direction).

BP has enabled me to invest with confidence in markets that I have never even visited.Good luck to you & your family in your new adventure.

Some may think those experiences/skills are on opposite sides of the spectrum, but the combination of the two have enabled me to become an entrepreneur and explore diversity of other roles.I am glad to have found this collective wealth of information and look forward to meeting and learning from many of you!

Alot of investors are playing for volume - which means they have to try to screen out any sellers who do not fit their profile that enables them to pursue the deal.

What are most important are the clauses in the contract, which enable you to wholesale, assign or back out of the deal if you have to.It is not illegal to wholesale in Florida (I mentor real estate attorneys, who want to also become investors.)