The exclusion for the banking requirements with respect to mortgages is having a mortgage broker's license.

Respect within the real estate community which should help accelerate my Buy and Hold portfolio which is my ultimate goal.

Like many pro poker players confess, the best hands they ever played were ones that they folded.I respect how some of the folks on here are so adamant on their beliefs, just as I am.

We offer a good value for the LP ($69k and $85k respectively) and require tenant to have documented proof of seeking mortgage every 90 days.

I suggest you stick with your attorney with respect to the BK as you are not getting totally correct info, some opinions being stated as factual proceedings.

Sean D To simply present the offer it is always best to have all decision makers present, but if they insist it is not necessary then respect their wishes and present it to them.

have the utmost respect for everyone on this forum so I hope my goals didn't come across as some form of bragging, it's just a goal but God willing I'll hit and exceed it.

With respect to the two years experience, I am almost certain that all you need is to reflect two years rental history on two tax returns.

You will report both on their respective places.If you are 100% passive investor:The interest you pay on the loan is an expense to your business, if all of your investing is fairly passive it will be treated as an interest expense on Form 4952 http://www.irs.gov/uac/Form-4952,-Investment-Interest-Expense-DeductionYou will include 100% of the interest received on Schedule B to be reported on your 1040.Yes, you do have to issue a Form 1098 to the new buyer showing 100% of the interest paid. http://www.irs.gov/instructions/i1098/ar02.htmli.e.

It is difficult to talk on all points with respect to all states (title theory v. lien theory) and (judicial v. non-judicial).