I get call daily in investors trying to buy them.

The understanding you bring to each transaction, the ability to read between the lines, and the personal connections you forge are irreplaceable elements that complement the analytical power of AI. 

Look, I am rather regimented when it comes to hard money; that a HML should ONLY ever be used for short term transactional purposes. 

Arbitrage is simply transactions.

However, we still get beat up on a daily basis over our fees.I left one of the largest PM companies, who had those exact fees, and started my own business with the sole intention of eliminating all of those fees.

I have been a RE broker for 44 Years now.. and thousands of transactions in the tank..

From a transactional cost standpoint alone, the fees on the way in and on the way out require significant appreciation to break even.

I see price reductions daily.

First, I have true daily and direct access to the 4 owners of Licensing Experts because apparently they don't and won't deal with a bunch of people. 

Here are two excerpts from the offering statement on PDF p. 28 of 78: How Much We Decide to Distribute: To decide how much to distribute during any calendar quarter, we start with our revenues, which include the proceeds of sale and refinancing transactions as well as payments we receive from homeowners with respect to their mortgage loans.