Hi - I saw your post and wanted to let you know about a free webcast called Selling a Home with a Reverse Mortgage that NAR is hosting next week with the National Reverse Mortgage Lenders Association.

This makes you a member of Car, GHAR, and NAR.  

These marks are all federally registered collective membership marks owned by the National Association of REALTORS® (NAR).

We should meet up when I return from DET.

Interesting model, I guess if it works in your market, In my market, I cant see it working, unless its water front, there is a huge stigma about MFD's here with o without basements, they have typically much longer days on market here. as far as rentals go, Im getting $250/mo positive based on financing purchase and rehab at 5% with a 10 year amm, and still have the upside down the road, i know thats not typical, and probably dosnt play in CA, I can see the rental return if you can get your money back out someday, my guess is where you are the Lot, and having water at the lot has god value, Im glad its working, your plan proves like NAR says "Every Market's Different"  

Then become part of the NAR and local association all while looking for a broker to hang my license with.

It's the MLS stats that are reported to the National Association of Realtors (NAR) that help determine the status of the housing market.

If so, you'll be bound by the NAR Code of Ethics.  

The NAR wants to defend it's monopoly. 

No desk fees or other costs involved other than my E & O Insurance and MLS, NAR dues.