One is so I had a decent amount of skin in the game from the borrower, and also to make my note more valuable if I ever needed to sell it.

Wish you the best with your venture into the rehab game. .

The rust belt game is known to get dirty.

"Mobile" is by far the most popular term; "Manufactured" or "Modular" are more upscale.Select Mobile if the home was built before 1976.Select Manufactured if the home was built after 1976 and is not on a permanent foundation.

For example a week or so ago Gamestop lost about 20% of their value simply becasue Microsoft announced that the new Xbox will not be able to play used games.

Assumption is a renter will not take as good care of your place (especially if you're a distance away) as if they had skin in the game for ownership.

I selected a large subdivision just outside of town that was under a different fire protection class code, I got a letter from the city fire department saying the would service that subdivision and that allowed the underwritters to agree to lower the ratings allowing for a better premium.

Do you grasp conceptual arrangements well, can you play chess or does a game of checkers give you problems in planning your next move?

Even with flipping if you use hard money the lender will want skin in the game ( money down and points ) to do the loan.The reasoning is if the rehab gets tough the HML wants it to be painful for you to walk versus just handing it back to them.A good contact for flips is J Scott on here.

We used to go to the Louisville area for games and tournaments.