If you opt to continue the relationship in the 2nd year the commission drops down to 8%.

I normally wouldn't opt to do a rent back but they needed it and in return they made a significant price drop.

If you hire management they will consume most of your cash flow.Sell and buy in your new backyard.

I opted to do it in California instead.

Your agreement with the company providing the reports usually states that you are not permitted to give copies of consumer reports to the person being screened.

Now, in some areas it can get nasty, time consuming and if the deal isn't that fair or not in compliance the court can do a cram down, write down the amounts due, so a lender can get tagged. :)

I carry no consumer debt and still have my day job in which I can work essentially an unlimited amount of overtime to come up with quick cash.

We have also opted not to use them in three other locations.

I was told getting a variance will be difficult, time consuming and will require approvals of the community board.

I know in CA recent state laws designed to "protect the consumer" have made it nearly impossible for mortgage brokers to work with non-accredited trust deed investors thereby, in my view, releasing them to fall victim to real estate investors preying (wittingly or unwittingly) on the unsophisticated.