Appreciate your thoughts on this   As an LOA, you'll be basically be doing all of the legwork of a file - entering all of the data into whatever LOS is being used, processing the loan, preliminary credit analysis, reviewing all of the documents for completeness and accuracy, communicating with borrowers, etc.

I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August. 

Nothing that can really do or happen but were you aware the borrower was in default at the time? 

The other part of this is that in addition to this, we are borrowing from our home equity line of credit to put down the 20% deposit- so we have that payment too.   

It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.

Another user noted in a PM, some of the exposure numbers are incorrect in the case that a borrower has blanket loans (many of these upper tier borrowers do).

Keep buying properties and borrow money against them, don't sell them.

Hey Justin,Our borrowers have successfully used all of these wholesalers, but these investors all have one thing in common in that they conduct their own due diligence. 

@Eric L Conry you are essentially borrowing on your property to buy stocks.

Your ability to bill for your time also makes you a more marketable borrower in the eyes of banks therefore view your law license as an asset.