The banks were screaming bloody murder when unregulated mortgage brokers hit the streets and it took about a decade just to have a broker get a license, now, the broker is held to almost the same banking standards in may respects, so that is a big plus for banks to get these small brokers off the streets, for most folks it means if they need a loan they'll have to head to the bank.Scruggs and other seller financing gurus brought much of these new requirements on seller financed deals, if there hadn't been scammers with the rinse and repeat set ups seller financing probably wouldn't have gotten hammered as it did.

We want our tenants to be happy and long-term, and in return for good service on our end, we expect them to be respectful of the property, their neighbors and pay the rent on time.

.:)With respect to your answer from #1 (and I'm consulting the State MHA and legal counsel FYI), assuming I'm comfortable with the financial cost of doing this is my best bet to immediately try to finalize the purchase of any of the RTO units?

They'll charge a 250 entity review fee to make sure the entity bylaws and operating/partnership agreement doesnt have anything conflicting to their loan terms.With respect to my bank, we do allow the borrower to switch the title to their LLC with out due on sale post closing on our conventional loans as long as they are current each bank is different so I would check with yours to make sure this is okay.

However, let him know up front that any attempt to hide, conceal, or otherwise prevent your discovery of information that would affect your decision will result in immediate denial for the respective applicant.

@Jon Holdman Respectfully, I know it's not your definition or Misusaki, but it is THE definition.

Brian, I respect your knowledge and know that you promote L/O's, sub2's and such, but the above is somewhat of a misrepresentation.

You will lose ALL respect from your buyers if you ask them if they are interested in a property that is listed by someone else.

I think NAR lost a lot of respect during the bubble years when their "economist" was acting like a cheerleader more than an analyst.

With respect to investing, sometimes boring is a good thing!