The ability and capital to close on properties changed everything.

When screening applicants you not only screen for ability to pay but additionally your ability to collect when they do not pay.

You must document borrower ability to repay.

Dodd-Frank won't apply to the origination, it's commercial.Neither a lease nor an option gives you the ability to make improvements without specifically addressing the issues, again, being commercial you can go there.I'll be back, have to run. :)

But of course I have to collect the rent and represent the property owner to the best of my ability!

HAha @Cal C. it may be legal... but it still tells something about their rent-paying ability!

Not really ideal for my first flip so I reached out to @Stan Butler who I met on BiggerPockets through the handy ability to find other real estate investors who live near you.

At least you condescending remarks are consistent.I look for open communication.

"Inability" (you have the ability) to obtain insurance after a certain point in the contract timeline may not necessarily be a get out of jail free card.

I am aware that the debt and responsibility of the property is mine in this deal, and I'm going into it with the ability to handle the mortgage if my brother runs into any issues.