Frankly, after you've done a few of these, you'll probably start thinking about finding the borrowers yourself and using a broker or an attorney to do the origination for you (as state law allows) for a nominal fixed fee.Alternately, some lenders run mortgage pools.

@Chad Hotovec going from $500k to $1MM in liability coverage should a nominal increase, say $20-$30 per year. 

Taking a large cut of the profits, and charging your partner a nominal amount each month on top, is not the same as him being on the hook for a 100% loan with the opportunity to earn all the profit.

So even though the nominal rates were mid teens for OO loans the real rates weren't that much higher than now.

. - Personally I'd charge the tenant a nominal fee that covered the power wash and acid wash you've already performed and make this a lesson for myself to explicitly go over with future tenants that they should not paint the garage floor.

You'll own a house with a nominal value of $144K and have monthly cash flow of $677.Really, though, to get a feeling for what that means practically, you have to back out the inflation effects.

If it were to drop that 37% in the next year (not at all unlikely, IMHO), then were to resume appreciating at 3% per year driven by inflation then 10 years from now nominal prices will be right where they are now.

Almost all newer areas (the '90 and up you're speaking of) in Raleigh are in an HOA, even if it's just a nominal amount per year for road maintenance, no pool or clubhouse.

If you have hardly any money in it and your other cash and assets are not at risk then you simply can walk away.Not talking ethics and all of that just simply from a legal perspective.Even though you get into properties with nominal down if something goes wrong and you have that guarantee or your other assets or cash at risk then that is just as bad as putting a bunch of money down.So if you go on the line for anything you need to make sure it is a very solid deal so you feel comfortable backing it up.

With a cash-out, the nominal interest to close would end up being a 1/2 month-30 days if a bank takes 45-60 days in a worst case scenario.