If I don't know how to proceed in a situation when another person is involved, I usually put my self in their shoes.

LOL, not meant personally either, just a fact in commercial, accounting is the language of business, if you can't speak the language it will be difficult to proceed.

When I get proforma from an agent or broker and I want to do a quick a dirty 10 minute run to see if the deal even makes sense, I want to be able to assume say 5.25% and proceed and hence the question.

RMLOs are not trained to go there.A RMLO is the beginner level of mortgage loan financing, they meet the public, explain a loan product, sell the product and qualify an applicant to proceed to underwriting. 3 months ago, they could have worked at Wal Mart

Proceed at your own peril but you'd have more fun and a better return standing in front of an enormous fan and throwing handfuls of bills into the air in front it.  

Just posting to say things will be changing, there are enough guru bashing threads and posts here. :)

If you are exempt from Dodd-Frank, you may proceed without a RMLO, and lease with an option.

Unfortunately I've come across a lot of discussions that have smart behind comments bashing wholesalers.

In this case, this is a fairly new concept (to me anyway) and for this first deal I have agreed to split all proceeds equally with my investors on both cashflow and equity.  

A 5-day notice in Illinois is not much more than a "informal" but necessary notice to the tenant telling them to pay up within 5 days or on day 6 we will be turning you over to the lawyers for eviction proceedings.