Of course, this is just a blanket observation and it is not true in every instance. 

After my search for experts, I observe this is not a well understood part of the tax code. 

Your objective assessment is much appreciated.Forgive me if this is a silly note newbie observation and question, but it seems that a note with a lot of equity and lower balance is safer and less likely to be defaulted on - What am I not understanding or overlooking about why that isn't necessarily so?

In most higher priced markets we've observed an 8% management fee. 

@Kristopher LamyYou can look at comps, tax value, back taxes owed, age of property, location, condition of property (as observed from road), area, market rents for area, bedrooms, sq footage, how many years they are delinquent, owner occupied vs owner lives at another address as shown on tax bill, etc.

I am not new to the real estate world from the aspect of observing, watching and even from time to time offering my thoughts on some real estate situations.

What I have observed is that the highest compensated professions are all sales related, real estate being one of them.

Virginia deposit regulations Did your landlord observe all of it's technicalities?

I'm not a builder, just observing what the data presents.

From what I've observed on the site, most experienced investors view it this way.