Folks,I am a private lender, mainly for residential flips, and it kills me to turn away the vast majority of my applicants because they don't have the upfront cash to qualify for my loans.

If you will be sufficiently disciplined to save and pay your taxes (or borrow just in time), opt out.

I have realistic timelines and expectations, and with the vast amount of experience and knowledge on Biggerpockets, I know a successful business is in its infancy.

His attorney called the Canadian broker and was immediately suspicious because he did not provide any sufficient answers and was very vague.  

I deal basically in single family rehabs but have colleagues with vast experience in Multi family and in the Houston Market.I can tell up front  that large conglomerates are buying up low income neighborhoods close to downtown by the "Block" and converting them to multi-family.

Detroit is a vast wasteland of properties that nobody desires. 

There's got to be someone in charge, like admin of a probate estate, and sufficient equity to buy at a discount big enough for you to consider it a bargain.

In my view the service is necessary and sufficient.

Note that I am not an attorney and am not qualified to give any legal advice so consider what I am about to say only as food for thought.As I understand it, if you go to an attorney wanting to file a lawsuit against someone, the first thing that your attorney will do is find out if the party to be sued has sufficient assets to make it worth while and how hard it will be to get at those assets.

When you encounter rates significantly under $1, it not only implies that the supply/demand is out of whack, but that you are not going to be able to generate sufficient returns to make the facility a winner.