I don’t know why, but business purpose/consumer purpose is probably the most misunderstood aspect of private lending, even among lenders.Most lending attorneys used to sell loan document templates you would own that you could fill out and use yourself.

This stuff is stressful and it sometimes consumes me.

However with 2 kids under 2 and as-of-yet reluctant family, I've been reflecting on my skill set on how I can add value to a more experienced investor without  consuming all of my free time not being home.I can do just about any DIY project but so can any joe-blow looking to be a handy man. 

We have yet to see any drastic movements of these levels, but the huge gap between sales and expired (72.48%) does make me wonder how long these numbers can continue to stay at these levels.YTD:In this section, I'm just going to layout all three charts, as the YTD numbers gave me fewer overall takeaways.

Putting a deal together is very time consuming and many people are happy to compensate someone to take charge of all these tasks.

People in above situation may not have the capacity or judgment to make the best decision for themselves,  so relying on a voluntary policy for getting people treatment they need means in the end fewer get it,   and they are probably worse off by the time they accept it.      

They have higher rates, but who cares if the numbers still work...and there are far fewer hoops to jump through!

There are fewer quads around but still possible to find one.  

Once you know those things, you can plug the numbers into the Flip Formula and determine if you have a deal.I talk more about that formula here:https://www.biggerpockets.com/blog/2013/03/21/flip...As for saving on repair costs, you can do fewer repairs or use cheaper materials. 

Unless you work in a very time-consuming field (doctor or lawyer), you can definitely manage it yourself.