Assuming both have equal operating expenses and equal cost of goods sold, and both use the exact same ingredients (all of this for an apples to apples comparison), and both have a net profit of $.50 per cup, the IRA coffe shop can charge $1.90 per cup because it does not incur any income taxes, therefore all profits are gained, whereas, the standard owner coffee shop must pay income taxes based on the $.50 per cup net income.In such a scenario, the IRA biz would gain an advantage over all other standard owner coffee shops.

I'll also add, do your due diligence, there is absolutely no association or membership in any organization that can assure you that you aren't dealing with some bad apple, these organizations are generally a good think, HMLs are trying to clean up the industry, but the threshold of joining is usually paying a fee, just as with the BBB, just don't rely on any membership.

Gotta understand that one bad apple spoils the bunch.

Terms: 5+15 / 7+13 / 10+10; Interest type: Hybrid ArmAvailable IO term: 1 / 2 / 3 based on terms that you picked abovePre Payment Penalty (PPP): Step down (5,4,3,2,1 - 1%years 6-20) / others based on terms you picked aboveAmortization: 30 years :)ARM Period: 15years / 13 years / 10 years based on terms you picked aboveRate: 3.5% - 4%  /  4.20 - 4.70%   / 4.85 - 5.20%Key criteria: 1MM to 5MM; 9months liquidity; Networth equal to Loan Amt....lot more, but all those are simple!

Just as if it owned shares in Apple or Microsoft.

However, even with good screening habits, the occasional bad apple will inevitably slip through.

Now one bad apple makes the whole deal bad and everyone is looking to you to make them whole.That is really a bad situation to be in with the SEC or in court.

You're comparing apples to oranges because 30% is a pretty standard expense ratio for a park and 20% is unheard of for SFH.

PM is a different apple, but I know my capabilities and this won't be a problem.3.

This way you can compare apples to apples.The hard part comes with the backend.