Two flats are essentially just houses.... they trade like houses and there is a lot of emotion involved.

These leads were very unresponsive and may pan out over a longer period of time but the time involved is just not worth the effort.  

It would not surprise me if they were acquiring the paper and servicing rights to take an inside line on refi's for these customers if rates decline.Actually CFPB regs may NOT apply if the subject loans are investment or commercial property loans and not SFR owner occupied or consumer loans. 

There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.  

The single biggest issue in my way currently is obtaining enough cash, whether it be my own, or through partnerships or family/friend-based lending (which I am very hesitant about to begin with as this could potentially strain relationships unnecessarily when money is involved).

Personally, after working with numerous property managers in Las Vegas, I only trust two to handle this task for my properties.Compliance Is ComplicatedProperty management involves navigating a maze of city, state, and federal regulations.

CA RE Broker ( which I have) standard state MLO and NMLS  and Consumer finance license.

Additionally, when comparing whether to build a single family portfolio or a comparable multi-family portfolio, you should also keep in mind the transactional costs involved.

5k a I don’t mind if it takes a few years, and I’m willing to be as actively involved as needed to achieve my goals.

I have a bit of experience with co-living investors, having been involved in several co-living investments for five years.