There are a few houses I thouht about donating to the fire department for practice!!

Does the bank pay a commission to ANYONE in these transactions or is it common practice that my buyer would have to pay the 3 points?

Also, I think a strong trait to look for is ethical practices and philosophy.

On top of that, it's a really bad business practice for the private lender.Assuming you follow the rules (a 'true' 1003, full disclosure, etc.) your options with a GSE-based loan are limited.

I've heard some great arguments on both sides of the aisle, for and against the practice of charging your tenant a deductible for home repairs.

Getting back into the REI game and I am practicing my deal analysis on some MLS properties.

Be careful of doing anything that would fall under "self help eviction practices".

But, that was the exact point of my post above -- if you hired out all the stuff you do yourself on that one deal, you'd have more time to do simultaneous deals (and raise money for them, if needed).

Hypothetically then, I'd suggest you not buy a MH in your area and deal in properties fit for conducting business with the assets you have available, that meet common practice and the reality of where you are.

It forces them to think, my job is to calm the fears and inform as to general and prudent practice.