A Loan officer cannot alter their loan officer compensation it would violate the LO Comp rule under the "Dodd Frank" regulation. 

Cash in your account cannot be touched or reduced but a Heloc can be altered.

I'm trying to find another translator/ partner in crime for Detroit that can translate and be a part of the team.  

This would translate into a return of 36k a year. 36k / 625k equity is = 0.0576.

As a landlord, I am jealous.The home health care agency did require one alteration. 

And can a law suit be filed against this by tenants saying they have proof of altered payments history and won’t pay the overcharged fees

Out of this 10k your lender is only using 75% to 80% towards your mortgage, in other words you only qualify for 7.5k to 8k mortgage payment, which translate to about 1.1m loan value. bank want to see you downpay at least 20% to 30% in those deals. 2.

Soda is mainly known in the 100+ unit multi-family circles where they take over mega assets via some sort of technology and work with the city to alter zoning laws where they do apart-hotel-conversion-management deals. 

You need to operate the LLC properly (mainly don't co-mingle funds and use an alter-ego).  

This rule of thumb might translate well in residential investing, but it has absolutely no merit in the commercial investing.Shortcuts lead to expensive mistakes as this example clearly indicates---nothing replaces due diligence and knowing the numbers… Regards,Scott MillerOriginally posted by "MikeOH":As a general rule, I would look for rentals that generate monthly rents of 2% of the acquisition cost (purchase price + repairs).Mike