The Exclusive Right to Represent makes sense for prospective individual homebuyers, but for real estate investors, it seems unfair and limiting.

For this reason, I teach people to set policies for renting to unrelated individuals.

If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual. 

The out of the box strategies and set ups sold will never replace customized AP/Tax strategies based on individualized circumstances. 

Others are owned by private individuals and are for profit ventures, often affiliated with their other business ventures. 

Every individual contract is different.

Any individual PM (not associated with companies) who can handle 3 doors in Jax and Citrus Spings, fL

we did this a lot pre 07  in that year Oregon WA and then CA made laws that had lots of teeth about dealing with those in foreclosure.. so we just stopped doing it risk was not worth it.I cant see how an individual can do this really..

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

I am here to learn more about my own personal investments as well as seeking out learning opportunities from like-minded individuals.