The final numbers have to be delivered to the borrower 7 days prior to funding, not 3-5.The Initial disclosures used now (good Faith Estimate and Till) are also being replaced by a combined document that is called a Loan Estimate Forms Set, and have to be delivered to the borrower in the same 72 hours from application being taken time frame. 

DC just passed some initial laws on it, but they're still not really well defined.

Based on my research, real estate investing, if done properly, can definitely help me achieve that as well as all the resources that BP has to offer.My initial interest in real estate sparked years ago when I was about 19-20.

If I do go the equity route - such as taking 10% initially in additional capital for my services, should I also charge management fees down the road - or should these two activities be separate? 

I'm only asking because I'd like to add this next move to my initial business plan.

Always more details after the first post, LOL.Yes, you were acting as a buyer's agent.Then you asked the seller for a commission, you were attempting brokering.You were initially acting for your buddy, compensation was part ownership.

If she's willing to sell for only $125k:Initial Rate of Return - before taking repair costs and other expenses (PITI, management, etc.) into consideration of the purchase priceIRR = (12 x 1400) / 125,000IRR = 13.44%Even though that's a good number for the initial rate of return, a smart investor is going to take the expenses into consideration in order to determine whether or not it would be a good Return On Investment.

I was initially planning to lower the deductible, but was advised that the deductible for wind/hail can’t be lowered below $5,000 (but all other covered occurrences can be lowered).Any insight is appreciated!

I understand you cannot POST a topic in that forum unless you are a plus or pro member, but it says right in the forum header page that you can respond to a post:"To Initiate an Event thread, you must have a Plus or PRO account, but any member can respond"  Still cant reply to that topic, Columbus meetup.  

It was initially supposed to be a buy and hold (rental) but after going over the rehab estimate due to some extremely unfortunate and unforeseen issues, it will be a straight flip.The beginning of this journey definitely hasn't been all fun and games though.