I actually lent the money to the purchasers to buy the Park. 

You’d be shocked by how little actual screening many PMC’s do!

Usually the side effects are worse than the actual thing they are trying to cure.  

Later i found out I actually wanted the class focused on building apartments.   

The properties that are being sold here in Winnipeg almost all sell instantly as there is just not enough supply of homes.If the Canadian economy continues to worsen and rates continue to drop house prices will actually go up.

So actual benefit is hard to nail down until it's actually tested/required to provide protection in the event of a lawsuit. 

that is actually the duplex I mentioned.

Actually, the way you describe SubTo can be called "equity skimming".

You should cover the mortgage and all other expenses, actual or projected.

It may make people feel better but does it actually do anything?