These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Rental HistoryBecause a current landlord may say anything to get rid of a bad tenant out of desperation, we also require information for the previous landlord of all applicants…Analyze IncomeMany landlords require a month of paystubs from applicants and just use these to calculate a monthly qualifying income…Employment StabilityUnless an applicant has exceptional credit, we strive to determine their stability of employment…AssetsWe are one of the few management companies that requires a bank statement as part of our application process…Letter Of ExplanationAny time there are credit issues or we discover an inconsistency, we require a written letter of explanation (LOX)…UnderwritingTraditionally, landlords have only looked at the income of applicants…ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious…

But of the options you note, the only one that really makes sense to me is the CoC option. 

One I know of here provides 9% minimum return and is averaging 16% since inception.

We couldn’t agree more.Listening and Being IntentionalOne of the key takeaways from the article is the idea that business development isn’t a one-size-fits-all strategy.

It's two seperate transactions for tax purposes,  neither one changing the outcome of the other just because they occured at the same time... in theory it would probably be better to simply have the amount of the commission deducted from closing costs if at all possible, but if compensation was already being offered througu listing broker, it is what it is.

I’m guessing we have all imagined living in a Hobbit house…amazing that she actually built one.  

While I know that return goals are different for each investor and their specific goals, it seems that a bad or low-performing deal for one person might be what another investor is looking for. 

One key piece of advice is to make sure to build strong team around you.

I feel that I am one refi away from doing so but despite decent LTV's on the properties.

Does anyone have any experience or guidance on doing one of these?