They loan at lower rates and look at te aspects I pointed out above.So, while you can buy with HML funds you need to know that you can get bank financing.

I've read a lot about the 50% rule and I'm wondering about one aspect.

Definately a different timeline on the presentation l got.

:P getting books from them and reading up is definately something Im going to do.Im very interested in owning property to live on/in aswell as rent out to pay for myself.

Welcome Andrea,First define where you want your next purchase to be and then use the search feature on here to locate individuals to connect with.All the best.

Property Meld actually handles all the maintenance aspects (including scheduling and coordinating tenants and maintenance personnel).  

How do you define this?

I basically understand the general idea of wholesaling as far as finding the seller and buyer (and the marketing aspect) but I don't really understand any of the other details as far as what is supposed to be in the contracts, what my responsibilities are in the whole process, when to go to the title companies and what to say to them.

c) Exceptions The term ''personal holding company'' as defined in subsection (a) does not include - (1) a corporation exempt from tax under subchapter F (sec. 501 and following); (2) a bank as defined in section 581, or a domestic building and loan association within the meaning of section 7701(a)(19); (3) a life insurance company; (4) a surety company; (5) a foreign corporation, (6) a lending or finance company if - (A) 60 percent or more of its ordinary gross income (as defined in section 543(b)(1)) is derived directly from the active and regular conduct of a lending or finance business; (B) the personal holding company income for the taxable year (computed without regard to income described in subsection (d)(3) and income derived directly from the active and regular conduct of a lending or finance business, and computed by including as personal holding company income the entire amount of the gross income from rents, royalties, produced film rents, and compensation for use of corporate property by shareholders) is not more than 20 percent of the ordinary gross income; (C) the sum of the deductions which are directly allocable to the active and regular conduct of its lending or finance business equals or exceeds the sum of - (i) 15 percent of so much of the ordinary gross income derived therefrom as does not exceed $500,000, plus (ii) 5 percent of so much of the ordinary gross income derived therefrom as exceeds $500,000; and (D) the loans to a person who is a shareholder in such company during the taxable year by or for whom 10 percent or more in value of its outstanding stock is owned directly or indirectly (including, in the case of an individual, stock owned by members of his family as defined in section 544(a)(2)), outstanding at any time during such year do not exceed $5,000 in principal amount;"End quoteMy first followup question:It's my understanding that I need not be concerned about the impact of the Safe Act and licensing requirements if I'm using just my money to loan to others, and that I have a broker creating the loan documents.

Also some zoning define a family unit as no more than 3 unrelated people and have shut down places that exceed those limits.