As to charging a higher rate absolutely just be aware of usury laws in your state regarding interest rates..That is one of the many reasons I use a land trust to avoid the DOS and lease out on a triple net lease NNN basis to a tenant.You can also sell the note as long as it is structured correctly so keep that in mind when you setup the note/contract..I am going to a advanced note training this weekend so hopefully will learn how to best do that.Mr Finance examiner is correct in his analysis in that more information is needed to give better answers to your inquiries.Good luck.

An examination of HOA bylaws and account statements will be part of due diligence if this moves forward.

As soon as this crap began it was more upsell; the guy had the nerve to say "there is no way you can learn how to be an investor in 3 days, you need 3 days per topic, and you need a mentor".

Just find a place that interests you, gather the details, and your BP family will help you examine it.

Once you have all the info on the home and have seen it take a day to examine it and get back with them as to your decision. explain that you are in the business to make a profit so if you pay too much, you will not make any money.

These numbers could be examined with your real net return from rent for a little further relevance.  

Not every lender has it though but based on your initial post that might be the right loan for you to examine.

It was checked to the calculator issued to examiners and it is within tolerance, 1/1oth of one percent. :)

.,) and there would not be as many persons utilizing the utilities.THE WHOLE POINT of examining this property was to show that even if it was purchased at 50% occupancy it makes sense to sit on it until (maybe) the area's population increases and thus one can reap big rewards.I have done some more research about the 77026 area code and I read that the average rent was $359.

So, don't bet on hiding in some private deal.Experience alone is not something to rely on as things have changed so much that what you did 10 years ago could very well be illegal now, most deals that flew and were done 20 years and more certainly won't fly today without reviewing new compliance issues and most just won't work.I'd bet we have other current or past financial regulators here on BP as well, I know we had another FDIC Examiner but he has not posted for awhile.