You are correct, local banks would go in and sit with them and go through rates and financing and understanding the payment.

Yes Mike, that’s correct.

If convicted of bank fraud you may be facing large fines of up to $1,000,000 and/or imprisonment of up to thirty years.Posted without comment.Okay, so one comment:Just because someone in your community says it's okay to do, better clear it with the feds first, or you may be talking with them later..This reminds me of a Subto in California that went bad and wasn't handled correctly. 

Yes, you are correct, PersonalUmbrella.com (Markel) and non-renewal letter also says must be admitted. 

I'm correcting the misinformation you are posting and trying to get further clarification on what you are posting.

If I understood your reply correctly.

Make sure you do your math correctly when analyzing property taxes…they will be eye opening.

This is correct. 

If I understand correctly your siblings goals are to sell their rental properties, use the funds to purchase a primary residence they'll eventually move into, and limit their tax liability correct?

and that's just lending - partnerships and equity are even more complicated.now if this would be your 50th deal you can correct me but that's my take.