If Bob bought the note and three years later there was a default, if the borrower took it to a judicial foreclosure, the court wants to see what his net worth was when he bought the note?

It complicates communications, explaining one cost as one thing to an investor, then the same cost as something different to the accountant and banker, why not have everyone on the same page?

At that you'll have 20% down, a good start.Structuring is not complicated, it's a note, there should only be standard provisions along with a deed of trust.

This would seem a bit unconstitutional to me, and I'm curious if this is something that has passed and type of legislative or judicial review or if this is just something "proposed" that we don't really need to even think about...

It's not that complicated.

You do that with a shorter fuse, making the term fit the situation.Now, if there are complications, the market lags or some other issue arises, you simply extend the loan.

Its not very complicated, I sell hours of effort.

Flipping seems easy: buy, remodel, sell and split the profit....but long term seems more complicated to me.

Is your duplex a complicated property to get a certificate for?

My taxes are much less than that and they are very complicated.