@Slocomb Reed, you can search numerous threads or Dodd Frank regulation, but what you will find can be summarized as followsDodd Frank Act, and administrative rulings by the Consumer Financial Protection Agency, are unbelievably numerous, hard to interpret, subject to subjective judgements, have harsh and draculon penalties for even small or inadvertent infractions, and cases are being pursued by trail attorneys both as individual cases and as part off class action.So, a lender set up to do a huge volume of personal mortgage loans may find the risk acceptable, the enormous investment in compliance and personnel  and procedures a cost of doing business.Private lenders do not have the time, money, staff or risk tolerance to be in this market. 

This isn't going to change because the turnover rate in the wholesale industry is enormous.

That plan has not worked out for an enormous number of people. 

Historically, appreciation is where you make enormous gains. 

There is and enormous amount of great info on all these strategies on BP... start reading through some threads and figure out which strategies best fit your personality.

theres nothing wrong with your post. upon a second inspection, i see that there are no details about how the property was financed and whatnot. i was actually hoping to learn how he would get an enormous loan all to himself like that at the age of 21, but so far, i havent read anything.then i paid attention to the selling price of the property: $1,300,000. that much money for 20 units cant be a good deal. i mean, i could be wrong, but thats $65,000 a unit. folks, we shouldnt promote and encourage something where the guy mightve actually gotten fleeced and didnt even know it.now if he had said $36,000 cash flow per year, and the property cost him $400,000 or even $500,000, then thats a real celebration, but methinks something is amoss here. i will go ahead and read this entire thread for more details

Also there is an enormous risk the stranger would not take their fiduciary duties seriously and would siphon off funds through high fees, etc. 

Any property with any interest rate and any cap rate can still have enormous upside with a value add strategy.

Imagine your investment sitting empty collecting cow webs while still paying that enormous property tax, granted the owner probably bought at low price but still.

The state of NY is now requiring LLC's to register their owners (to offset for the enormous issues we have here with deadbeat landlords).