Even from the provider standpoint, the amount of hassle and red tape you have to deal with makes lower-tier properties just not profitable on any large scale.

These same issues can be attacked in a foreclosure 5 years later, can you prove you were in compliance at the time the note was originated, if you can't you may very well lose.Me, I'd take any financing agreement to a RMLO with "proof of the exemption" **, pay him a few bucks to set his seal on that note with a statement exemption and attach it to the note, tape it with heavy clear tape, front of the statement to the last page of the note as an extension of the note.

Just better terms and cheaper debt out there that can close faster and with less red tape and legal costs.

On a simple Fix & Flip this might look like:Draw 1 - 20% paid at Demo/Haul OffDraw 2 - 20% paid at Frame/Rough In (plumbing, electrical, mechanical)Draw 3 - 20% paid at Drywall - tape, texture, and paint (to include ceilings)Draw 4 - 20% paid at Cabinet/Countertop install, Fixture install (lights, sinks, faucets)Draw 5 - 20% paid at Flooring and Close Out/Punch acceptanceYou might only do (3) Draw’s to reduce the paperwork on a short timeline project. 

There are numerous programs that require less red tape and closing time frames of 30 to 45 days.

I prefer parks with cement (not necessarily asphalt).Thank you!

Most national speakers use Lou's material for their books and tapes.

i've gone to all sorts of classes with every guru selling books and tapes.

Forgive just how green I am but I was under the impression that Coop's come with a lot of Red Tape from the Company that owns it.

The cash flow in real life is almost never the same as how it looks on paper - between high tenant turnover, section 8 red tape, and higher maintenance costs, it's just not worth it.