The securitization of the mortgage backed bonds, false security of bogus ratings and inadequately funded "insurance products" like credit default swaps, let the originators of these toxic instruments take on a thousand dollars of profit for a dollars worth of capital.

Hello BP Community,I'm in need of a licensed, bonded and insured electrician who works in the NE Tacoma / Fife Heights area.

If you took pictures at your old GCs work, got several quotes from licensed companies, specified on that quote something like "remove non-compliant newly installed wiring" and have them done the work, then you probably have a bond claim up to $15,000, IF the GC is licensed and bonded -- which I don't see you mention.

Everyone else has left the business because they are sick of the city riding them constantly for everything and the insane bonding they are required to carry.

If you don't know these terms, look them up, it's the best way to learn.Know too that financial ratios do not always apply to real estate because real estate is not a liquid market like stocks, you also have unexpected and unknown carrying costs that don't apply to say stocks or bonds.

Or I could Buy a Corporate Bond that will give me a few percents a year.

Louis Davis your right my post was a bit lengthy main because I love the idea of introducing this strategy and converting more leads.

I don't want to make my first post too lengthy so I will answer any questions as to the specifics separately.

Lessons learned:1)Fire a non performing PM early and often ... they NEVER get better.2)Don't buy out of state where you can't verify issues & solutions or easily take control to straighten out a mess if need be.3)Repeated visits for what seems like the same or similar issue are a red flag which should NOT be ignored.4)Use licensed, bonded electricians who pull permits.5)Trust but verify.6)Be careful about who even bids your jobs.

I am beyond excited to apply what I have learned to the task of freeing myself forever from the bonds of debt, and unwanted employment.