I mean there is a huge fake push from social media influencers talking about how they quit their W2 and cashflow $1000+ on every property they buy, this is, for 99% of them, FAKE NEWS.

In both instances, there is either an internal (personal, family etc.) or external (nonpersonal, economic etc.) factor influencing the decision.A seller with a balloon or adjustable rate mortgage will have a mighty good reason to sell and avoid foreclosure if they can't refinance to avoid paying off entire loan balance or get a lower affordable rate.

They're trying to protect their business and I'm trying to protect mine-  Experience has taught me that a resale is easier when a seller isn't influenced by the knowledge of your purchase price.  

success is not solely a result of hard work, but is influenced by external factors such as luck and risk.God luck to all!

So section 3400.103(X)(x) will read:An individual “takes a residential mortgage loan application†if the individual receives a residential mortgage loan application for the purpose of deciding (or influencing or soliciting the decision of another) whether to extend an offer of residential mortgage loan terms to a borrower or prospective borrower (or to accept the terms offered by a borrower or prospective borrower in response to a solicitation), whether the application is received directly or indirectly from the borrower or prospective borrower.

I would strongly suggest reading the book "How to win friends and influence people" by Dale Carnegie.

I have some influences that do business but don't follow the stringent line you two model!

Be very careful, I suggest you not bite off more than you can lose, rehabs are locally influenced.

Influence is one part of the equation.I'm sure other members can speak to this question better than I can, but I wanted to chime in for a quick minute.

The Lender who is evaluating your financing request will recognize you as a Pro and that will have a very positive influence on their willingness to do business with you.Hope that helps a bit.