The intent is the sponsor needs to know enough about investor to feel comfortable the investor has the financial knowledge and acumen to properly evaluate the potential risks and benefits of any investment and the financial stability to invest capital for a 5 to 7 year period.Topics of discussion with sponsor would be:Income, credit, job stability, prior investment experience either with real estate or other asset types, education level, occupation and profession, amount of savings or funds in retirement accounts.Hope this helps.

I've never participated in section 8, but I thought all outlets had to be grounded.Outlets need to be grounded if they were originally designed to have a ground.  

Realize some of the examples take you and your family out of your comfort zone.  

Hey James, I wouldn't feel comfortable giving a guaranteed 100% answer to someone on the forums without doing my due diligence on their situation.

I had to have the visceral experience of committing to a 30 year obligation was 5 times my annual salary and then watch it work out relatively risk free (because I have to live somewhere) to feel comfortable making multiple six-figure commitments. 

There is so much interplay with other factors, that even if I looked up my old returns I am still not comfortable doing it myself. 

Many are concerned about downpayments (as you mentioned), yet why not get your preapproval and ask the seller if he/she is comfortable with Seller Financing the Downpayment?

Certain organizations such as the AICPA and the State board that issues the CPA license mention what a CPA can / can't do to retain his / her license.Providing a comfort letter is an 'attest service'.Furthermore, CPA firms are encouraged to have insurance, which may mention that the firm can not provide comfort letters.What the mortgage company is looking to do is potentially have another person to go after if the mortgage goes south.It is not worth it to a CPA to get a few hundred dollars but potentially get a lot more in risk exposure.

Many investors buy distressed properties because they can get a better deal and do significant rehab work, but it sounds like that it outside your comfort zone.

Fundamentally, I want a balance between an efficient, market-rate park and tenants who are happy and comfortable.