One call to the tax collector office, and they can tell you how to interpret the information.

You can try to contact H&M and see if they will give you their interpretation of what FMV and go start with 2/3 of that to see if you can draw a counter out.

I was just going by Freddie Mac's interpretation of "imminent default" as can be seen in their webpage http://www.freddiemac.com/singlefamily/service/too... 

Random facts can be interpreted many different ways.

Be interested to hear another player's, like Patch of Land, interpretation of these rules and if they plan to open up their platform to non-accredited investors.

For myself, I've only worked for one mortgage company, so I only know what *we* do behind the scenes, not what anyone else necessarily does.So I'm going to throw this out there as a question to others: Am I reading/interpreting correctly that it is UNUSUAL that we (at most, and sometimes) just make you take a little 20 minute online landlord course and boom we can use rental income with no landlord experience?

By my reading of the law's guidance, no, it wouldn't, but I'm not sure if there's case law or other things I'm unaware of that may make my interpretation wrong. 

@JoAnn DorioI can interpret your question two very different ways:A.

That's the most common interpretation, if you want solid legal advice you should of course go give money to a lawyer. 

@Alexander Felice It was my interpretation that she was going to use a Heloc to start buying properties and that’s what brought your podcast to mind.