It would also be fair to discuss the costs associated with the compliance burden, both in dollars and in employee time, but be sure to limit those comments to new rules and not ones you are suppose to have been in compliance with for years.It would also be fair to complain that your small lending operation that uses your own money (that would include money you borrowed) rather than federal money or insured deposits to make loans with is required to meet the same "safety" standards of a Freddie or Fannie loan.

I did receive my refund about 6 weeks later.I have an associate who has been to their course and is trying to follow what they have told him.

Just convey title and take the risks associated with it.

Don't forget association fees if you buy a condo/apartment...

Find a local REI association and start networking.

My associate has somewhere in the league of 400-500k per year in free and clear cash flow, no mortgages. 

Depending on the area, bank REOs can often be purchased as similar or lower pricing than NPNs, and you get the advantage of fully inspecting the property and avoiding the time, cost, and risks associated with foreclosure.

Hard money loans have helped jumpstart peoples real estate endeavors, just make sure you understand all of the risks associated.

My experience has been properties show better when vacant and you probably don't want the prospect to associate you with the property.Frank

There are over 30,000 kids playing in SNSA leagues (Sothern Nevada Soccer Association).