Kudos.As absurd as it would be to spend that kind of money for a small ranch in Palo Alto, I can't imagine the OKC buyer will ever see a return on his investment, either.Still, quite amusing and (horrifying)!

But for rental property, there are certain zip codes I would beg you to avoid as your first investment, and even neighborhoods within "good" zip codes to avoid.Secondly, the idea that you can get a "rent ready" property for $25,000 in Indy I guess technically isn't false.

Now, a lot of people will say that Turnkey is the ultimate 'passive income' investment, which is both true and false.

But if the reason you leverage to the max is to grow your investing for the future and the money does not go there you're creating a false illusion and setting yourself up for bad things.  

So, yes, you come across completely absurd situations where someone doesn't quite have the reserves if it's being counted at 70% of value, so they have to liquidate stock to put it in a checking account just for an underwriter to look at and go, "hrmm, well it's in a checking account now" and count it at 100% of value, and they put it right back into the stock market the day after closing. 

I contacted a broker that I have been working with and he said that sounds absurd.

Account Closed  thank you for not putting up ghost adds..I understand that thought process when testing the market for say apartment or MHP park absorptions.but to put an add in that is blatantly false don't like that one.I am a buyer.. and if I took the time to scroll through craigs list ( which I never do by the way) and then the effort to call and it was bogus.. that would be the last time I ever interacted with that person. 

False! 

This seems absurd to me. 

To answer your questions.6 out of 10 are behind on payments.5 out of 10 lie and provide false and misleading info on the application.They call the loan due base on they have the right to.Some payments are current but they have a policy to follower.If the investor get the loan in their personal name and transfer out then the investor violates the banks agreement.I only get paid when I find out the investor transfer out of their personal name into a LLC,Corp, or land trust.My point is that I offer a service and get paid for doing my job.Hope I answer your questions.Then, THAT is how you should be representing yourself here, not bashing court-validated / legal methods of asset protection and estate planning.