(I guess it is possible you simply took the first person who inquired, but hopefully there was a little more diligence than that on your part)To get max value, you want to highlight the concepts which point to a decrease of credit risk and reduction of default risk.

Nice post David - took me a little while to get through it - but well thought out.I would only highlight one point you made and that is the fact that this is becoming a niche piece of the real estate industry and there are in fact good and bad companies operating in the niche.

Lee Iacoca truly hit it on the head with his recent book highlighting today's lack of leadership.

Exceptions may also highlight guidelines like J Lamar did above for his state.Concerning this practice in CA, here is a link to a real estate law textbook written by lawyers, with example court cases upholding referral fees to unlicensed individuals: http://books.google.com/books?

I was invited to the State of Downtown Denver this year, and what they reported couldn't have made me feel better about the city of Denver, especially downtown and the urban markets.We have always invested based on market trends, not cash flow figures.A few highlights from the report:Average age-33Average household income-76kAverage rent for a studio apartment- $1,256Average rent for a 1 bedroom-$1,40560% of downtown employees walk, bike, or use public transport to commute. 142% growth since 20005x national average growth projected6/10 Downtown residents hold a bachelors degree or higher.Downtown denver is becoming San Francisco, and its doing it quickly.

Hi Anna,I highlighted a very relevant portion above.

I read a post a while back where a gentleman highlighted the fact that he'd put one of those natural rainfall shower heads in a unit of his and potential tenants loved the house.

No, as long as you book an audit trail for the expenses, the receipts for the credit reports, the billing of the credit card highlighting payments for the credit reports and report your evidence of paying the bill from your personal account (check or statement) and treat the company check as you would any other expense. :)

You definitely want to highlight the benefits of the area like Steve mentioned. 

You can always go back and review initial post, although the post highlights the strengths of Baltimore's CF to LA's, it also looks at cumulative CFs and cumulative appreciation over a 10 year period.