You are incorrect about Congress invalidating GRATs and GRUTs.Now, when I asked the question, you could've said something like, "We don't recommend those because we think there are better options."

Am I reading that incorrectly?

You incorrectly read that I would default on these loans at the first sign of trouble... but I put a lot of effort into being very conservative in my numbers.

Also, I think I may have presented incorrectly -- the units look great when they're made ready -- I live in one of them when I'm in town, and I expect and see that the units are good enough for me to live in when they're made ready.

Your assertion about Australian mortgages is incorrect.

I don't see where you are creating that, and think you may be understanding "benefit" incorrectly. 

I've been at this for almost 20 years, and from my vantage point note brokering is alive and well-- call it what you will, but brokering is really what I'm referencing as opposed to "wholesaling" which would suggest you are taking title to a loan and then reselling which, if done incorrectly, can absolutely run you afoul of securities laws.

Doing a proper screening of all applicants will eliminate the riff-raff regardless of their race.Here are the (politically incorrect) facts in my own rental business.

I see I am doing one or two things incorrectly and I will correct my submissions to my mentor.

Mark, I really like 3 of your alternative classifications of newbies: 1. determined amateurs 2. apprentice investor 3. energetic participant I think they are much more appropriate, perhaps one or all of them will catch on and become the "new word/phrase" I persoanlly will ignore Mr polictically incorrect and really don't care about how wannabie should be or is spelled.