From this perspective, yes, I am still legally responsible.But how can both people be legally responsible for the same loan?

TIAOne can walk away, or file legal actions.

The issue is his definition of cash flow. 

Hey Deirdre,To address your questions:Providing freedom by handling day-to-day operations.Offering peace of mind through proactive maintenance and tenant communication.Reducing risks by staying ahead of legal requirements, tenant screening, and dispute resolution.Enhancing the bottom line by identifying cost-saving opportunities while ensuring tenant satisfaction to reduce turnover.Is the experience still important when the property thrives financially?

By definition, these type of loans are not the same quality as what is traded on wall street. 

No lender is going to do that and PennyMac definitely isn't going to do it.

I have never done this just thinking out loudNo legal advice.

What happens during periods when the demand for legal work is lower?

@Collin H. yes this is in a residential neighborhoodI will definitely try and push back to the city and see if they will honor their previous issuance of the permit without having to go down the path with the Board.If they say no we'll see what the Board says.

Hello fellow landlords,The properties in question are in a market that although it is not cheap, it draws lots of money-cautious tenants. I am foreseeing a bit of a push back or even turned-off potentially decent tena...