Mom and Pop operation. 

We lend to a ton of wholesalers for this reason, then no one can question selling your own house.I'm sure there will be more investor friendly brokers or those similar to New Western to pop up in states like VA as more states follow suite. 

@Scott Mac“It seems like these anomalies pop up from time to time, but they are more likely to be workable by someone who has a larger position in cash, a larger net worth, and experience in that asset type and asset class.”EXACTLY!  

@Daniel H Hauer@Tony VelezI just googled and this popped up at the top of the search.https://itunes.apple.com/us/app/property-fixer-rea...

As PE groups continue to gobble up every TOH park they get their claws on it will leave by default a lot of mixed TOH/POH parks available for smaller Mom and Pop investors. 

All I do all day is drive for my work, so I pop on his podcast every day all 3 sessions.

@Chris Mason What criteria do you use when evaluating small mom n pop parks without any financials?

For the mom and pop landlord, flipper, or wholesaler, I think asset protection schemes that utilize NV/WY holdco, Belize trust, etc., are overengineered for their purpose and are likely to be done wrong anyway.  

For a mom n pop its challenging to park $200-300k waiting for equity.Plus then I'm back to being a landlord, in CA Yes, and that is by design.

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.