Nonetheless, I know a few high volume flippers and successful landlords who are using them if for no other reason that they offer nominal savings but mostly an unlimited supply of easy to get money, once you qualify.

For a very nominal fee, you can get $1 million in liability coverage.  

I nominate you to be on the BiggerPockets podcast!

The Nominal rate in Baltimore city is 18%.

Guess I won't be paying off any more properties early.Management fees are pretty nominal in comparison to all other expenses--which I wouldn't have guessed either....

The cost is nominal, and the borrower pays anyway.I do agree that fractionalized loans are among the best kept secrets in both lending and borrowing.

Also remember you want the nominal value of the rental property to, at a minimum, to keep up with inflation and hopefully appreciate in real terms.  

we would typically approach this with a Purchase and Sale Agreement and the proper deeds (and applicable county assessor forms) to transfer title from the Seller (your dad) to the Buyer (you).Again, not knowing the full details, it sounds like your dad's cost basis is $1 and if he sells to you at a low price (presumably not also $1) the gain would be nominal. 

A "nominal" EMD has to be enough to reflect your true intent to close on the property.23:00 - troubling language in contracts.

Every single one of them has gone up considerably in nominal dollars over those decades, some perhaps not doing so during any given decade, but over the long haul they're all up plenty.