And if the sponsor isn’t good enough for the debt lender—the safest segment of the capital stack, why should they be good enough for the equity...the riskiest part of the capital stack?

The distinction between tax tool vs tactic vs and strategy is too often blurred! 

It gives it a very distinct ashtray smell and isn't easy to get rid of.Again, nothing wrong with the people.

I'm not knowledgeable enough to say that's right or wrong, but it is a distinct deviation from the very general 70% rule of thumb.

Many folks want to self-manage, but, some want boots on the ground. 4 - integrity. this segment of the industry is rife with grifters and salespeople looking for their next commission.

I think it's an important distinction.

Again, the documents signed clearly spell out the remedy for violating the due on sale clause The clear proof that Sub2 is not fraud lies in the fact that many title companies provide title insurance for Sub2 transactions which would not be offered in a fraudulent situation  Greg I agree with you .. you have two distinct transactions.. you have the origination of the original mortgage.. then you have a simple transfer of title sub too that mortgage..

For example, there are three major tenant pool segments in Las Vegas.

My guess is that Brandon makes no distinction between "12% per year or an average of 12% over a full 30 year period".

Note that this is only applicable for commercials loans for 20+ units.Below are distinctions between the different types of affordable housing:1) Workforce housing: Generally rent to tenants who have incomes ranging from 80% to 120% of area median income, as defined by HUD.