LOL, here's my chance to define a new aspect to RE investing....LOL!

The reason they say that is that they know we'll treat them and their buyers like gold -- we'll negotiate quickly and in good faith, we'll give the selling agent a bonus for bringing us a good buyer, we'll make most indicated repairs from inspections, we'll handle all aspects of the appraisal and closing, etc.

LOLWe all know there is fraud throughout the entire RE and banking industry, this is just one aspect, reported by a repoter with a dose of sensationalism. :)

I imagine this model evolved from the real estate sales agency model where the agent oversees all aspects of a transaction, but the relationship with the client in a property management situation is very different than that of a buyer or seller.There is a valuable take-away here.  

I have an awesome mentor and I am just ready and willing to learn all aspects of this new and exciting world.  

Don't get sucked into that thinking.If Ken Rishel signs off on it, I'd compliance would be met as there are different aspects for MHs, his company does compliance for the current laws as they pertain to MH dealers.

Here is where you might begin in understanding the nature of posters on BP (or any site).Cognitive bias is applied in economic psychology to study reactions, selections or choices, fears, our naïve nature, how we justify things and more.I studied these aspects a bit in school, but there was a short sales book that identified personalities and the best way to handle them, I couldn't find the book and I've forgotten most of it, I just use a big hammer on most personalities, works for me.I did find this for anyone interested.

Each discussion I would like to focus on one aspect of the M.U.L.T.I acronym and get people's feedback on that discussion topic.Topic 1 - Investment - Downed unitsI hate to put it in these terms but a downed unit in your Multi-Family Investment is almost like a cancer.

This area is a strategic point for shipping oil in and out of the Arabian or (Persian Gulf) depending if you are Sunni or Shia Muslim.

It is a great place to meet new friends and learn about various aspects of real estate and more.Wishing you the best!