Here in IL, received commissions MUST be paid from a sponsoring broker to a broker/agent under their supervision, they can't be paid directly from a client to the broker/agent. 

Thats 400 more, per month, every month, for 30 years… an additional 144,000 in just interest payments alone.But check this out, not only have rates shot up over 250 basis points, 2.5%, from 4% to 6.6% but what else has gone up?

One is for homeowners who are in default and upside down; one is for homeowners who are in default but still have equity in their home; and one is for homeowners who have received Notice of Trustee Sale and their house is about to be foreclosed. 

Additionally, as the sole person running this business do I need to set it up for my properties to pay the PM company and then the company pays me as an employee or since I'm the owner of the company I don't have any employees and so there would technically be no employee side? 

This regulation allows property owners to build ADUs on their existing residential lots without the need for additional zoning approvals, which can significantly increase property value and rental income. 

I think if you can find a deal that has value add, it makes sense. 

In addition, you'll have 16 months of land-lording experience as opposed to none if you wait 32 months.

Just double checked the exact timing and it was closer to 3.5yrs of ownership but got no - I received no pushback from NACA.

Now Joe has probably received all/most of the original money he originally invested in the house from the bank loan and he has a tenant that pays the rent which in turn pays for the mortgage and some profit.At the end of the day, Joe has a new house,  a tenant paying down the mortgage for him and all the (or most) of the cash back in his own pocket.

From there, you can figure out if additional benefits can be achieved via real estate professional status or the short term rental loophole for instance.