Perhaps I'm mistaken, but what I understood is that he was pointing out that your projections seemed to be wildly optimistic, and allowed for nearly no room for error.

I have re-written what I have understood from your responses.

From what I have understood so far, you would first make sure that the lender allows for the contract to be assigned.

That's what I understood at least.

Ram Yes, I understood your ask and  I was talking about business banking.  

Having to scrape to get by is not only part of the ritual most of us go through but part of the initiation and story-telling that investors tell each other, over the campfire so to speak.I started soon after the death of my Father who left me $2,000 of PG&E stock that I parlayed into $1,800 after a year.

Here are my Do's and Don'ts.Do: Assist with lockoutsReceive tenant maintenance requestsIf an emergency, immediately contact ownerIf not emergency, notify owner of resolution or status within 24 hours.Mow grassTrim hedgesShovel snow off sidewalkShow vacant apartmentsCollect rental applications and deliver to owner within 24 hoursDon’t: Approve any vendor repairs without approval from ownerRepresent yourself as an employee of the ownerMake any promises or representations to tenants or vendors without owner’s approvalReceive rentIt is also understood the arrangement can be terminated by any party at any time, and rent resets to market rate if the agreement is terminated.

The SPD is required to be written in a language or format that is easily understood by participants.

Just like the mentoring is or selling asset protection to those who have almost no assets LOL.. that one always got me..Understood. 

I did get a more official list of things needed and it could be more extensive than I originally understood, so this will take some negotiating.