(I don't exactly know what that means in relation to land) Because we've owned this land for like 50 years.Any more things I can ask them to help clarify?

The management companies do property-level management, and the AM manages the management companies.I can relate to your story about the phone ringing.

One question I have relates to how to source deals.

Start with the beginning of the year mileage on the vehicle, keep track of all business related driving trips to and from work.

Thanks for the quick responses.Rob, my objective is to purchase 2-3 Family investment properties that cash flow at least 100 p/door or more.

As I said, I literally completed one of these refi's back in May with the exact same scenario and they had no problem with it.This bank's objection may be an overlay or a different interpretation.

NOTE: Currently injured from a work related injury, I don't plan on going back.I'm finishing my degree in Business Admin starting next month, and looking to get additional education in the Real Estate Field.I'm at the point of having to make this work!

I'm relatively new to owner financing.Should I put the house under contract and just assign it to my buyer, then just act as the bank to provide financing?

So, it doesn't matter if your family member pays you directly or if the mortgage broker pays you, it still coming out of your relative's pocket.But Chris' link address your underlying question.

Your opinion and experience please relative to the hiring criteria REO deparments use when selecting listing brokers.