I don't think 1% is excessive. 

I sympathize with your frustration, but this is a loosing battle and not worth the fight.

Also, these figures can be padded because of the loose definition. 

I personally hold 5 CFD's with values in the low 30's but  valuations in excess of 70K on each property.The reason i like the CFD's are that in the event of default, as a general rule, you don't have to foreclose, just evict which is much lower cost and more important to me faster.If the borrower defaults and I have to foreclose, I can turn around and sell the property again at an updated price.Since i only paid in the high teens for each of the notes, the downside is something I can live with.BTW, all notes are fully performing and I'm getting an average yield of 28-32% and have about 250 payments left.Final comment.

It's all odds based.You run a good chance that the tenant won't challenge it as they did do damage, however if they do challenge it & take you to court you'll probably loose & most jurisdictions allow the tenant to sue you for double damages.

The sponsor is critical, but even the best sponsors get over confident, get too big and can loose sight or take their eye off the ball. 

I have a question and wanted to pick a couple of your brains for advice.I inherited a property which is valuated in excess of €350,000.

The excess money goes to my current revolving credit card debt and truck payment with my 2 other loans and I pay off and that frees up 620 extra bucks a month I take care of the place for a year on my current job with my wife making 3300a month and then get this house leased out or rented then that people help pay my mortgage and costs then I get into a better mobile home paying about 300 a month and saving towards the next property soon after that year and making the next down deposit with my own cash and owing no one except the next person to fund my next apt complex!

Maybe you can take advantage of the training during your 2 years....and learn the models and systems to be a powerhouse when you cut loose and sell full time.The biggest brokerages are going to have evening classes and training as well.

She also said that her two years old child is constantly inhaling smoke coming from the second floor, and she is afraid the Pitt bull may harm her child as it is sometimes let loose in the stairs and the back yard.