The thing to remember about the big boy "fat cat" investors, is that they really aren't real estate investors, a least not single family residential homes.

We all know that you're one of those RICH fat cat landlords that is exploiting the lower class.

You'll have butterflies at first, but if you chose correctly, you'll be wondering what the big fat hairy deal was about a year from now. :-)

Who would have ever thought you could buy a share of Ford Stock & a share of GM stock for less than a Grande, no-fat, sugar-free Cinnamon Dolce Latte, no whip at Starbucks?

Now, we could turn around and sell this in a few years and make a nice fat payday, but who wants to give up $180k a year in passive income just to trade it for a nice tax bill.

That's all gone with the MLO Comp Rule, and the MLO must get paid the same regardless of loan terms (and mysteriously now everything is 30YF and no fancy "features" LOL), but that cuts both ways -- the MLO can't give himself a big fat bonus on just your loan, nor can the MLO take a pay cut just on your loan.

As a property manager, if a tenant came to me with four dogs wanting to rent.. my answer would be a big fat NO.

I didn't have a $24k car, but I wrote fat credit card checks as down payments on my seller-financed houses and apts. $87k worth.I used my passive income to attack the 87k aggressively about 8 years in.

Wondering if any experienced landlords/ property managers out there have figured out how to "trim the fat" off their rental property expenses & or time allotted to them?

This is only my opinion, but even with going a little over budget and into my contingency funds, my answer to that GC would be a big, fat NO.