If you think you are the only one that does it your way, you are severely mistaken.

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!

Many banks handling tax escrow accounts for mortgages have mistakenly thought there was one tax due twice/year or totally missed one of the taxes.Secondly, back in 1994 Michigan passed the Headlee Amendment:(http://www.legislature.mi.gov/(S(k5m2va1uyfgwtbyjf4nqb1bx))/mileg.aspx?

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!

good point. a caveat is that some activity done using a solo401k may require the help of a CPA if i am not mistaken such as if you do any conversions?

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?

If investors think they can buy a house, without making it a home, they are very mistaken.

So while the 20% rule is important and practical, there are always exceptions.)The point to all this disclosure is: Anyone who tells you that you need little or no money to start a Lonnie Dealer business in today's regulatory environment is either mistaken or duplicitous.

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!

I don't see how this adds any value, and if I am not mistaken, that is the crux of the argument, that wholesalers do not add value.