Once in awhile I will work on the projects myself and for awhile I employed 2 people to cut the costs of subs, however after operating that way for about a year I found it was wiser to cut the two employees loose and operate with subs exclusively.

Are they going to mentor you for free or do they plan on taking a cut of every closing you do?

We financed a very large air B and B in big bear with tons of views and amentities the revenue took a 50 percent cut.

This way we receive any proceeds from the sale up to our payoff amount or whenever we cut the bit off at, then the h o a receives the rest.

this is a common theme of course on BP its pretty much every day.and you pretty much have all those that live in a market target a market .I like @James Wise cut and paste responses he does .. he nails it well and its worth cut and pasting every time someone ask the same question that has been asked 1000 times.I like to Add James that when going out of market.. also if you simply buy at the median price points of any given MSA your buying in an area were you have a lot of homeowners buying generally... so you get a mix of cash flow and appreciation and or more important you have a defined exit IE you can sell to a homeowner as opposed to buy at the bottom of the price point and the only out is to an investor..And Frankly your company is kind of a unicorn in the US.. there are not many companies like yours that specialize in reselling these assets for individual owner/investors. 

Non payment cases are cut and dry. 

One thing I was told was a cutting board would be nice. 

To those who have been doing this a while is there any big advantage to just go commercial early on if you feel that is the direction you are shooting for, or do you try and max out the number of conventional mortgages first before they cut you off.

There is no grass to cut.

When the time comes to cut them a check, put both names on it if both names are on the lease.