What this translates to is - expect to make mistakes, and for your budget to get mangled the first time or two you do a flip.  

Location, after all, is something that can’t be altered.

@Drew Sygit The verbiage in our management agreement is as follows: make, contract, and/or supervise repairs, alterations, and/or decorations to Property; to purchase supplies and pay billstherefore; Broker agrees to secure the prior approval of Owner for all expenditures estimated to be in excess of $500.00 forany one item, except monthly or recurring operating expenses and/or emergency repairs in excess of the maximum, if inthe opinion of the Broker such repairs are necessary to protect the property from damage or to maintain services to thetenants as called for in their leases; in the event that Owner is unreachable after multiple contact attempts for more thanforty-eight (48) hours to approve a repair in excess of the above amount, Broker shall be considered authorized to makesuch repair.I've been contacted about high ticket items in the past but these "make readys" are done without approval. 

In my layman's point of view, this is co-mingling and alter-ego violations to piercing the corporate veil. 

This industry is so much more sophisticated and has translated a slightly better mousetrap into market share.

Are you altering your investment strategies based on the rate changes?

Here is a real life example with my client (numbers are altered since we haven't closed yet): Activities are a lot slower in recent months in many cities across the bay area.

There are other details as well such as borrower documents will have to be translated and converted to U.S. dollars in a lender approved manner.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

Read the article about William Bronchick a real estate guru/ attorney who recently lost an alter ego case this year.     

This offer is no commission but $20k under list, this offer has a $20k commission at list, this offer is a $25k commission and $10k over list...I am curious to see how our brokerage agreements are altered by the associations.I am also curious if the media's misinterpretation of the settlement will kill our spring market as sellers will wait till mid-July to list thinking the previous commission structure has been banned.