I am in the process of looking for some smaller multi-family properties (4 to 12 plex) to buy.  In one of my "farm" areas in Iowa, anything over 3 units is typically taxed as commercial.  Here are 2 examples of the c...

Some of the reason relates to how ridiculous the points will be if the lender locks your rate at 85% LTV.

I would make a very basic listing... to the point of ridicule from peers.

You'd find me at the Venetian's poker room...Sorry Paul, but that's the most ridiculous thing I've ever heard...Are you serious?!?!?

Anyway, the bad guys are posing as me and saying “I†just moved to London w/ my family and “we†did not want to sell the house due to the economy and would like to rent it out for (the ridiculously low price of) $800.

If you profit too much or your C buyer gets a ridiculously low price, it could be argued the seller's disadvantage caused injury.In reality, you will probably never have an issue, but just one incident could cost you great loss.

So your assertion that this is all "book learning" or "ivory tower" is ridiculous.

Others will claim their property operates differently using actual data (higher or lower) and will later be ridiculed because they, "Haven't held it long enough to know better."

And that there's nothing ridiculous on the outside of the envelope saying "payment enclosed"!

My competitor has an even more profitable rental plan... he rents to convicts just released and gets ridiculous rents as he loads up properties like this renting rooms and gets paid by the government for housing the ex-cons...