LTV & CreditEliminate the emotion and treat this like the business it is.In my opinion it does not matter who the borrower is as long as they have a track record of ATR (Credit)And I feel comfortable with the leverage (LTV)

This leads to home prices increasing at a fast pace so you're definitely on the right track of which markets to invest in.

Seems like the track got a lot less bumpy :). 

This only applies to 3-4 unit properties.I think you are on the right track, as this is an equity play.

There is still a lot to learn but sounds like you are on the right track. 

I would not envy investors who participate in this vehicle when the team has not track record of success with it. 

I wanted to share what just happened with me these last couple of months, and could desperately use some guidance to get back on track.

- The management company keeps track of finances and offers reports to the owners that are prepared for their accountants for tax filing.- The owner has full ownership and control of the property and can make all decisions such as when to sell, or may decide to operate the property according to their own wishes even if those wishes are against the recommendations of the property management company.

I'm paying for what I'm getting right nowThat being said - I could pay slightly more for something where I know, or have a very good idea something is going to happen - such as road access, utility access, new developments of some sort etc Or less (probably wouldn't buy) if something bad is going to happen - railroad tracks, dump, Sec 8 housing built near by etc 

We knew there was some hot air in them, I expected more fraudulent folks to have created note "funds" and it pyramid down and blow up but i think a lot got stopped in their tracks when they were anticipating a rate cut and not a lot of higher % debt notes to be offered so they never indulged in such tomfoolery.