So while it does say this:“(b)Appraisal independence For purposes of subsection (a), acts or practices that violate appraisal independence shall include—(1) any appraisal of a property offered as securityfor repayment of the consumer credit transactionthat is conducted in connection with such transaction in which a person with an interest in the underlying transaction compensates, coerces, extorts, colludes, instructs, induces, bribes, or intimidates a person,appraisal management company, firm, or other entity conducting or involved in an appraisal, or attempts, to compensate, coerce, extort, collude, instruct, induce, bribe, or intimidate such a person, for the purpose of causing the appraised value assigned, under the appraisal, to the property to be based on any factor other than the independent judgment of the appraiser;(2)mischaracterizing, or suborning any mischaracterization of, the appraised value of the property securing the extension of the credit;(3)seeking to influence an appraiser or otherwise to encourage a targeted value in order to facilitate the making or pricing of the transaction; and(4)withholding or threatening to withhold timely payment for an appraisal report or for appraisal services rendered when the appraisal report or services are provided for in accordance with the contract between the parties.”It immediately follows up with this:“(c)ExceptionsThe requirements of subsection (b) shall not be construed as prohibiting a mortgage lender, mortgage broker, mortgage banker, real estate broker, appraisal management company, employee of an appraisal management company, consumer, or any other person with an interest in a real estate transaction from asking an appraiser to undertake 1 or more of the following:(1)Consider additional, appropriate property information, including the consideration of additional comparable properties to make or support an appraisal.(2)Provide further detail, substantiation, or explanation for the appraiser’s value conclusion.(3)Correct errors in the appraisal report.”Based on this discovery, I respectfully disagree with your interpretation of Dodd Frank as it pertains to my previous comment regarding appraisal reconsiderations.

While I will continue to attend these meet ups every time one comes up, I was wanting to start a newbie support group in the Omaha area where people new to the investment game can meet up and share resources, discoveries and support each other through the process of getting started without the intimidation of having more seasoned investors there.

It was recommended that I go to Citi Cards and Discovery and apply for a $200 secured credit card, (and possibly apply for Costco after doing this).

The two additional benefits would be that the Land Trust would be easy to tie into any future estate planning you do and you could also add an additional layer of privacy by having your attorney sign as a "nominee trustee" and so your name would only be visible on a private document for the Land Trust protected by attorney-client privilege (so people can't just search you out without paying significant discovery fees.)This is just a brief explanation of this option, so if you want to know more be sure to just reply and I will swing back next time I am on BP.

@David Sweatman This is a good time for self-discovery!

There are investors that can get better ROI and price discovery outside of syndications, but it's almost entirely exclusive to those that can dedicate to it full-time.My most hands on property is my worst performing (it's still doing fine, but you get my point).

Intro: I wanted to reach out to the greater BP community to get some comments/help on my approach to finding off-market multi-family deals. A lot of what I see related to finding deals in my area is the use of MLS, dr...

I am at the discovery phase.

Originally posted by @Chukwudi Motanya:As everyone before me has stated, all of those steps will happen in the discovery phase once you put the property under contract. 

Another thing you'll discover is that all of the testing that you're studying for is great, but doesn't prepare you for the business end of things!