HOWEVER, most FHLMC/FMNA / SECONDARY MARKET institutional lenders require that the originator have the NMLS endorsement for ANY 1-4 family loan, whether or not the loan is for consumer purposes, so many people think that is the law, which it's not.I believe that 90% of the people in the lending industry aren't aware of this distinction.

This will only work for friends and family who trust that you aren't going to bail on them.For non friends and family investors you can go through the LLC route, although after trying this a few times, I will never do it again.The other route is to offer a private placement.

A savings account that I use to hold security deposits (those aren't income) and a checking account for everything else.

But most tenants aren't well trained, because most landlords aren't actually doing what you say they are doing.

You aren't still reading books and sitting on the sidelines.Don't give up, there is a huge need for good wholesalers here in MA.

Probably the best part about it has been that it produces variations in the letters (so it isn't a dead-giveaway that the letters AREN'T actually hand written).

It's a primarily military area, those that aren't typically work at a major hospital near by, rents run between 1700-2k for houses.

They aren't looking for something that large, I ran the numbers and they came back ok so I wanted to share with GR investors on Biggerpockets.

if things aren't going your way at the hearing.

Return on revenue (or return on sales) is an indication of operating profit margins (NOI/revenue) and has nothing to do with how a deal is financed.For a typical rental, using the 50% rule, your ROR is going to be about 50% (not quite, because things like vacancy and capex aren't expensed, but you get the idea).Now, if you're asking about your ROI or your IRR, those are theoretically infinite, as you are earning a positive return on zero investment (the denominator of the return ratio is zero).