I think that if you are getting into the rental game, it needs to be a long-term commitment with a lot of rental properties… So that the passive income ends up being something significant enough for you to reap the benefits when you're ready to retire.4.

Phil, commitment strategy > exit strategy IMO

It was sent to a second underwriter due to the fact that between the three partners, this purchase would exceed the 4 property limit (A & B have 3 properties, C has 1) The second underwriter wouldn't give a loan commitment due to this circumstance.

We just have to be committed in operating and conducting business in an ethical manner and look out for each other.

No money down type arrangements are more prevalent in down market cycles where sellers are desperate to sell and will try anything.

At the same time, it's a huge commitment.

Usually your loan commitment date does not start until the short sale has been accepted by the bank.

You will always have a stronger loan commitment from an institutional lender like a bank than a small or internet HML.It's just best to talk to lenders in your area who know the market.As to appraisers, banks are rotating appraisals with those qualified, much of the "control" has been lost and for good reason, don't count on getting one that pumps your value up.

If you are doing REI with your spouse you better make damn well sure they are 100% committed or it will likely end in tears.From experience being married and maintaining separate bank accounts and splitting costs is a recipe for a divorce either inside or outside of REI.

Keep in mind you choice of broker is not a lifelong commitment.