Some notes below:Reserves (Loan spots 1-6) 6 months of PITI (principal, interest, tax, hoa on subject property) + plus additional 2 months of PITI in each of the subsequent loan spots 1-6.

Many owners subsequently defaulted on these forebearance repayment plans.Post 2008, Obama administration made a big push on creating a lot more affordable repayment plans that allowed the owner roll all their arrearage/delinquency into the total loan balance, and gave the owner a signficantly lower interest rate.  

Each subsequent vendor that you work with will also have referrals for you as well.

However, in 1946, the WJ Howey case gave guidance on what a security actually is by establishing an easy to use test: 1.There is an investment of money.2.In a common enterprise (more than one investor).3.With the expectations of profits.4.Through the efforts of a promoter.

It is too early to give away control and 80% of the enterprise. 

But if you are solely relying on what you're seeing on the MLS and are subsequently considering changing your business strategy based upon that, then you should stop and consider a few things.

I couldn’t recognize it after subsequent storms.

There is no need to carry it forward into subsequent years.

I imagine there is ton of opportunity to continue this little enterprise all through elementary school since kids cannot get enough sugar, ever.

A one time mess up by a kid, or a criminal enterprise(???)