The seller’s failure to insure the underlying payment is made in a timely manner will affect his credit score, not that of the buyer.There are a several legal instruments used for wrapping an existing mortgage.

Understand that I was just putting it out there to prove to you in that manner.

I could see the tax benefit of doing flips in a tax advantaged manner but, that's a lot of work for a benefit so far down the road (maybe for someone closer to retirement it would be a different story and an interesting scenario).

The fact remains that this agent, along with a ton of others, have no idea how to work with investors, have no idead how to properly work a short sale, act in an unprofessional and unethical manner (particularly this guy), and I have grown tired of it as many other experienced investors have.The fact that you are an agent, should not be a factor in your attempt to defend this guy.

As a rule of thumb, it costs several $1000s a year to sustain as a realtor with the membership, lockbox, mls subscription, desk fees.

Property Mgmt income may go down as rents go softer, but certainly sustainable.

An appeal shall lie from the judgment of a general district court, in any proceeding under this article, to the circuit court in the same manner and with like effect and upon like security as appeals taken under the provisions of § 16.1-106 et seq. except as specifically provided in this section.

When you start thinking along these lines (repetitive, sustainable business - not a one time flash in the pan windfall) your picture will become more realistic.

1 - DSCR just shows the lender the property can sustain itself and the rents cover the debt2 - Terms vary but will typically be 5-10 year ARM on commercial loans3 - 20-30% down is standard depending on the deal (SFH vs MFR) etc.

The challenge is I am not a big enough customer that I feel pushing them in this manner is in my best interest.