Good morning Joe –The first question is whether the property securing the loan is “residential real estate” as that term is defined in Oregon Revised Statutes (ORS) chapter 86A, The mortgage lender licensing requirements contained in ORS chapter 86A are triggered by the character of the property rather than the nature of the loan (i.e., the real estate transaction involves "a mortgage, deed of trust, purchase money security interest arising under an installment sales contract, or equivalent consensual security interest . . . upon which four or fewer residential dwelling units are planned or situated, including but not limited to individual units or condominiums and cooperatives.

I think I can attribute this to extremely high property taxes in the area, but what I want to know is there any way to create a strategy on a basically break even property I've already been househacking to make it work as a rental or is it better to cut my losses and sell it to get whatever equity I have in cash for my next real estate move?

If you're in an REO market, chances are you'll start to see a cycle of up and down supply of a couple months and it's attributable to asset managers "getting their work done".Tim

The first use of the term "Cold War" was in the late '40s, before Kennedy even entered politics.If you're going to attribute the Cold War to any US President, Harry Truman is the most likely culprit.So, I guess the joke should be switched to Truman instead of Kennedy, huh?

I will say that there are plenty of "Shady" characters out there that are wholesalers, but that is not how I operate, and neither should you.To the point of security deposits, I worded that incorrectly.

Bonds might be an effective piece of a portfolio but they are not an effective investment of 100% of funds.If anyone can make the crazy assumption that I'm not trying to 'use' my children, I'd like to get some practical information / thoughts / pros and cons etc. rather than character judgement and questionable facts.

It may not eliminate the crack, but it may stop it from getting larger.If anybody asks about the crack, remember to tell them, it's "character". ;-)

At the very least, it is a technique where one would have to lack poor moral character and judgment… I agree it is not something I would do either.

There are some great characters in the cast, and excellent info for old and newb alike.

These loans are usually underwritten based more on a borrower’s character and situation rather than their personal credit.