Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Karl, it is obvious you are trying to "get around" those Regulatory intentions (by latching onto that word "nearly"), and not only that, but you are also training others to do the same, and if I am not mistaken, somewhere down the track you will hope to be PAID to train others in how/where to to circumvent those same Regulatory intentions (if you're not ALREADY putting yourself up as the next "Pay-me-to-help-you" Guru)!

But when it comes to running your business, it's best to leave emotion out if it.I think you are mistaken by the reason a larger entity might operate differently.

I believe you are mistaken and will provide my rationale and point to my reference below.  

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – and they often select the first PMC they call!

If i'm not mistaken, you need to show proof of 100 hours of work put into the property/rental, and make sure it is more than any worker or contractor that works there too.

So, yes, you can wholesale a property with tenants, I would not recommend it though, it requires a little bit more, and the end owner will need a new lease if I am not mistaken.

I may be mistaken but if you have roommates I believe you are making 'border income', which you cannot claim as income in the future for purposes of increasing your debt to income ratio.