A fractional mortgage is simply the debt instrument that enables an individual owner to aquire one of these segments of ownership.

If all or any part of the Property or any Interest in the Property is sold or transferred (or if Borrower is not a natural person and a beneficial interest in Borrower is sold or transferred) without Lender's prior written consent, Lender may require immediate payment in full of all sums secured by this Security Instrument.

I use a Texas Instruments BA II Plus financial calculator, easy to use, in the owner's manual, follow the instructions for a Bond, a mortgage is the same thing.At this level, real estate is simple math.

So that's what I'm researching currently.I had the pleasure of meeting Marcia Maynard last night at the local rental association meeting and I imagine I could learn a lot from her (I already have).Anyway, I'm really glad I found this site (thanks to Reddit) as I know it's going to be instrumental in my education.Tyler 

Hey @Joey Hampton For a wholesaler the contract is an extreme important instrument to structure a wholesale deal.

As such, the growing reality could result in the inability and/or increased difficulty with refinancing out of DSCR loans and into lower interest rate bearing conventional loan instruments. 

Real Estate Rookie podcast is one of my favorite podcasts as well and it has been instrumental in helping me build my real estate portfolio.

CodeNotesprev | next(a)In generalSubject to subsection (c), any consumer reporting agency may furnish a consumer report under the following circumstances and no other:(1)In response to the order of a court having jurisdiction to issue such an order, or a subpoena issued in connection with proceedings before a Federal grand jury.(2)In accordance with the written instructions of the consumer to whom it relates.(3)To a person which it has reason to believe—(A)intends to use the information in connection with a credit transaction involving the consumer on whom the information is to be furnished and involving the extension of credit to, or review or collection of an account of, the consumer; or(B)intends to use the information for employment purposes; or(C)intends to use the information in connection with the underwriting of insurance involving the consumer; or(D)intends to use the information in connection with a determination of the consumer’s eligibility for a license or other benefit granted by a governmental instrumentality required by law to consider an applicant’s financial responsibility or status; or(E)intends to use the information, as a potential investor or servicer, or current insurer, in connection with a valuation of, or an assessment of the credit or prepayment risks associated with, an existing credit obligation; or(F)otherwise has a legitimate business need for the information—(i)in connection with a business transaction that is initiated by the consumer; or(ii)to review an account to determine whether the consumer continues to meet the terms of the account.

What instrument gives the HOA the "right" to foreclose?  

To be clear, the objective is not to trade financial instruments, but it is a level of sophistication that you rarely hear about on these forums.Or, as you mentioned, being able to raise capital commitment facilities so you can essentially go into early Fund deals all debt, often at very low rates due to credit quality of the investor (institutional funds), and therefore you can get roughly a year of operations under your belt before calling any capital or owing any pref.I align with you that there is nothing wrong with syndications, and some great syndicators out there.