While technically business purpose loans, these will still basically be 30yr (or whatever tenor) fixed rate mortgages.

A business partner approached me about it, and I negotiated the deal based on CAP rate.

I have my businesses in Denver.

But I agree with you these guys pass up a ton of listing opportunities and given the amount of money they spend thats just wasting marketing dollars in my mind.. the laws are changing on wholesale assignment business model.. like most things RE its always changing and evolving. 

How many small banks and businesses went bankrupt and closed?

I have a small wholesaling business that operates in King, Pierce, and Thurston counties.

I remember after the GFC reno planners wanted to attract more regular businesses and get away from gaming.Great thread, thanks 

The issue is you cannot force insurance companies to do business in the state.

Definitely a bad way to do business. 

There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.