If you ask anyone in this business, note servicing is the Achilles heel and it is extremely difficult starting one from scratch. 

The builder’s risk insurance can also provide coverage for lost rental income or loss because of business interruption.

But we’ve found that while they still stay quite busy they can always manage to come pretty quickly in an emergency.

Deposits from the tenant.Security deposits from the tenant in residential dwelling units shall be deposited in a trust account with a licensed and federally insured depository institution lawfully doing business in this State or the landlord may, at his option, furnish a bond from an insurance company licensed to do business in North Carolina.

The fact that you are working with a loan officer who is coaching you on committing fraud, you may want to change your circle of influence. 

If the market was busy, you wouldn't get a good deal. 

So it would depend on following:- What are your top 10/core needs of your business workflow.- Do you want to manage the new system internally or have an outside vendor manage it for you for a small fee.- Would you be requiring custom changes often to your digital workflow?

Unfortunately I don't buy in Milwaukee (I stick to the chicagoland area), but if you deal with wholesalers put in a clause or have an addendum they have x business days to find a buyer and resell the contract if you do sign.

They’re familiar with the towns, businesses, and, in some cases, even the commercial tenants, which can work in your favor.

I haven’t made any profit yet and I’m wondering if I should still file taxes for my “business “.