No matter how great a 1-person manager is, even with staff, you’re one personal issue away from major problems.

I am a broker but would prefer to pay a person rather than a corporation on my personal investing. 

Of course, with the key entry option so if the lock fails, there is a lockbox with a key to access the home.

I am considering starting with Staten Island and Long Island, as they seem to have relatively lower barriers to entry in terms of pricing.

Personal Cash from previous flips How did you add value to the deal?

I personally would spend that much to fail a couple of times to learn.

@Jennifer Burgener There’s really no reason to stay local with a 1031 company unless it’s just personal preference.

It's harder to give you an accuracy rating of those numbers, because a lot of the numbers you call will go straight to VM, so you don't know for sure if it's the right person. 

To be honest I do not send out a lot of letters and do not mass send things out so maybe I'm the wrong person to listen to.

The borrower is not personally liable for the loan, and the lender cannot seek additional repayment beyond the collateral.Since the borrower is not personally liable, they can choose to make larger or additional payments to pay down the loan faster if they wish.