There are certain ethical safeguards that must be included in some of your transactions when you are a licensed RE Broker in WA or anywhere else, but there is no restriction on your doing what any other private citizen can do; sell a piece of real property.

The only thing possibly wrong with it is that it has some pretty major notches in certain areas.

This is just the one piece of the puzzle I cannot seem to figure out.

A smart phone and a piece of posterboard helps.

In my case it is obvious anyway since I live in the same community as all of my rentals and I am a member of the Board of the HOA anyway.But it has always bugged me, because all the books on land lording give the same piece of advice: Never tell them your address.

One other piece of information is that this is a long-term investment for me.

It is handwritten on a piece of notebook paper2.   

We use servicers mostly for the compliance piece but started to do more loss mit on our own.We started calling some of our borrowers directly because we were frustrated when reading the constant, miscommunication in the servicing comments on some of our loans.

It was a piece of work. 

The one major disadvantage of using a TIC, is it may be harder to finance, because banks would rather lend on a whole property, and not just pieces.