It defeats the purpose of the whole idea.

Then the resource, then the structure.This defeats the latter purpose.

Because they defeat the intention of PAL.

I think if a prop is defeated, there should be a minimum number of years before it can be proposed again (I like 5 years).If it passes, jurisdictions that have laws to rent control single family units, that is currently not valid due to Costa Hawkins, will become valid. 

Guarantee a note personally sort of defeats the purpose of utilizing a remote entity, at least for the liability created by the note.  

But now, you have defeated the reason for doing the  Subject To and have become a lender to someone who probably doesn't qualify for bank financing.

It's forcing landlord to pay for other people's medical conditions.We all know about Biden administration's eviction moratorium, which was defeated in court.

I can also see the commingling of funds issues having funds held or owned by a cell in a master account, this could defeat the purpose of the liability protection between the cells and the master.

And when they do, it defeats the purpose.A true lead is someone who expressed interest in YOUR service.. not just  ANYONE's service.

Moving from a 3 handle rate to an almost 8% DSCR feels like defeat.