I am surprised that if loans are actually looked at so closely, then I would think that the lender would see that the note on the home wasn't a legitimate lending source and was actually a fictitious company.

(At the peak it would have been about $275,000) At $200,000 a buyer can get an FHA fixed loan that would enable them to have a monthly payment within $200 of market rent in the area.

I am having trouble figuring out how to try and secure a legitimate corporate veil!

Folks who bought at the height of the bubble when they legitimately needed a house get some relief.

I think most of the older guys here would agree that you need to consistently make good investments with few mistakes to amass even $5M in LIQUID,LEGITIMATE net worth over a period of 10-15 years.

$250K is not only the gross (we killed a gross receipts tax attempt here in IL), but even as net it could be equal to zero or less than zero.After struggling for five, ten, or even fifteen years in business-- perhaps the first several years losing money, and taking on debt and enormous risks, it's not uncommon for a business owner to eek out a $30K, $40K, or $60K a year living for years before one year magically getting a single contract that propels them into Obama's mystical $250K bracket.The average for a decade or two may still come out to a mere $30K - $40K but all of the sudden after years of sacrifice, delayed gratification, and self-deprivation a person would quite literally be penalized by the Obama class warfare.The reason is simple- Obama hasn't even held a legitimate job, let alone run a business.

It contains a detailed Cash Flow Analysis module along with several other modules that enable you to make intelligent investment decisions and store relevant documentation and contact info for each property.

This is a legitimate five-unit.

And even some legitimate buyers just can't get the funds right now.

I was looking for other people to let me know if this is a company to stay away from or is it legitimate.