LOL, Will and I did do a role playing thing together, seems it was about notes, I don't remember now.

If I am able to expand my reach i this community with other investors I will give hem a more prevalent role and perhaps help him get back into investments.

Sandy S Harris, you understand the value added role perfectly and I have no doubt you are ( or will be )very successful in the wholesaling role.

Pretty genius and amazing actually, especially since they have played a role in fixing up all those dilapidated apartment buildings that attract all kinds of vagrants.

Weather play a role in most areas, people don't usually want to move in snow, in some places August can be slow due to heat.

You don't really seem to understand the role of a real bird dog.

Speaking to managing expectations of a seller and the additional pre-trade prep work along with how you work the deal as a function of your role, etc..

You can also look at the floor rate, what the rate would go down to if the index rates fall.What the ARM is indexed to also makes a difference, if it says Pime Rate, on the date of the making of the note, that can be pretty volitile, if it is an index like LIBOR, the London Inter-Bank Offer Rate that is pretty stable as is the Fed Fund Districts rates.The time you expect to hold the property plays a role, if you are going to sell before the ARM rate can adjust past the current fixed rate to average the fixed rate, the ARM is a choice for the up front cash flow, but really that won't be alot.

I am located in Cincinnati, although for this exercise I am not sure that it really matters.

(well that and you said you were new) Perhaps spend some time with the broker on a deal or two and learn a bit more about the industry and read through BP to get a better understanding of your role and your rights and responsibilities when you invest in a loan.I would tell you pass on the deal.