It's always a myth, to some extent.

My thing is, how are you going to require proof of funds just to submit an offer, but you're planning to sell it at auction to random bidders with no way of verifying their funds before they bid.

Helping to help raise our daughter was full time and my schedule was flexible for me to do that and when I had my medical problems she was in high school and still time consuming and now she only has one semester left to graduate from the University of Arkansas.Do not let any myths you might of heard that you do not need any prior experience or money to get started with apartments. 

I pled my case for this opinion here:https://www.biggerpockets.com/blog/capitalization-rate-definition-myths-debunkedBut rather than stopping there, I expanded on it here:https://www.biggerpockets.com/blog/real-estate-cap-rate-proper-useI wouldn't say cap rate is entirely useless, but I would say it's useless in the context in which many people think it's useful.

Either way, if you want to raise capital online using crowdfunding you MUST have a strong online presence as it will enhance your capital formation efforts whether you are raising more money on your own or attempting to get listed on a platform.And that, my dear fellow, would start with having a more comprehensive profile on BiggerPockets - including a link to your company website. :)

The reasons I hear are to gain access to MLS and the myth that you will save commissions.

Loan Characteristic Purchase: Retail Purchase: Wholesale Rate/Term Refinance 2-Unit Properties Condo/Co-op/Attached 1-Unit > $417,000 Stable Markets Min FICO/Max (C)LTV 720/97 620/95 620/95 620/95 680/95 620/90 720/90 Enhanced Policy Min FICO/Max (C)LTV 700/95 700/95 700/95 700/90 700/85 720/85 Standard Policy Min FICO/Max (C)LTV 720/90 720/90 720/90 720/90 720/85 720/85 Declining Markets

You should, at least once, that would be every 6 months.Repairs or improvements may not be made by a residential tenant that would be required to be depreciated, doing so leads to false tax deduction and depreciation schedules under the tax code, those tenants can not claim such expenses, if you do it's really fraud if you didn't pay for it.My rule is that if anything has to be opened up, unscrewed, disassembled or disconnected to repair it, it's my thing, not a tenant.

Lawyer was provided my the Broker and the Wholesalers as well as everything else.

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