Hi BP Community, I'm looking for a Residential Mortgage Loan Originator (RMLO) that is licensed in the state of Alabama (or Nationwide/Regionally to include AL) who can service my Seller Financing and keep me complian...

So it may be valid, but I think areas and markets would vary widely and your target market it key (for example, my demographic is the state worker or nonprofit worker with a Subaru and Labrador, radio tuned to NPR, etc, so pets on approval works well...).http://www.humanesociety.org/about/policy_statemen...http://www.humanesociety.org/animals/resources/tip...

The RE and rental markets here are so distorted and out of whack compared to any normal market, it has created incredible wealth opportunities for those who know how to play this game.

Not sure how wide that space is, but space may well be an issue.Keep in mind you can't change the rents if the tenants still have valid leases.  

The market is doing great pretty much state wide.

I would love to start managing properties for others as I have seen first hand the wide range of property managers out there and feel that some of them are opportunistic vultures that have fees that are outrageous and prey on remote investors.  

but when  I list a property it goes to over 900 web sites world wide, unless it its deemed a luxury property then a few more. 

You wouldnt believe the incredibly stupid and illegal things that come out of peoples mouths.  

The lack of rental housing in Stockton is incredible.

Assuming 70% LTV, you could probably walk with around $100k, on which your monthly payment might be around $500(this could vary kind of widely, depending on interest rate, if it's interest only, etc.)In order to justify this strategy, you'd need to be able to invest those funds at a suitable spread.