And it’s defin not a make it or break it kind of deal.

(c) A series established in accordance with subsection (b) of this section may carry on any lawful business, purpose or activity, whether or not for profit, with the exception of the business of banking as defined in § 126 of Title 8.

And following code section of the IRC defines the bullion standards: Section 408(m)(3)(B)

Regardless of contribution and character.

If you’re not going to define your goals specifically then chances are you will never achieve them .....I’m not trying to be a jerk I assure you I know this from past experience of failing to plan

@Skye Payne you refer to the realtors on craigslist as leads, so I would start with defining what a "lead" is

If you are defining HML as "no income verification & from a company primarily engaged in lending money as a business," they are for the most part illegal to do for owner occupants.

I live in a part of the USA where there are still many people of character who simply will not do business with those of questionable character for any amount of money.

I still evaluate each deal to make sure it fits my pre-defined criteria for investing, but like to move quickly on properties as well.

And experience is the name of the game and having a banker who knows your character and trust you.. this is huge its not done at big banks but local community banks where the president and head credit officers are also the owners or major stock holders.. its relationships with those folks that will get you over the top. its a progression..