AT&T will be upset with me, I no longer want to go paperless lol.

Grossman in Central Islip, New York, in a decision he said he knew would have a “significant impact,†wrote that the membership rules of the company’s Mortgage Electronic Registration Systems, or MERS, don’t make it an agent of the banks that own the mortgages." from Bloomberg

Don’t set a tenant up to fail, if they can’t afford the property don’t rent to them.

How many potential lenders would back out once they found out things weren’t quite as you had posted?

I can;t wait until Newsweek or Time magazine has a cover story that says Home Ownership is OVER.

For example, doesn’t the appraisers’ valuing set the stage for what the lenders will lend?

We started talking to BB&T (which is a great bank to work with if you're a small business). 

But what I'm pondering is what about you poor guys in the middle who can take a calculated risk and even if the s**t hits the fan you can ride it out long enough to break even or get a profit.

Its stressful, its hectic, and for some reason that is enjoyable.

@JR T Of course, I would hire a securities lawyer.