If this situation is truly how you describe it, you should get in touch with a lawyer and file suit.

Please don't suggest any new or OOS investors touch Brightmoor today.

@Seena NassiriI'm based in the Bay Area with a lot of clients that own rental properties out-of-state so I think I can answer this question with creditability. 

Our plan is to hold long term (10+ years) and likely pay it off in 5-10 years to act as supplemental retirement income which we plan to get to with a couple more properties paid-off in Tulsa eventually.Would you pull the trigger on these two properties based on our goals?

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker

I can see why some lenders wouldn't like it since it would cut them out of a deal, but I would guess this is a very niche market based on downpayment size to make up the difference.

Wish it were true, but every lender bases their rates off of Sofi or 10 yr Treasury, etc. 

If the property has publicly serviced sewer, which is most times billed based on the number of gallons of water used, by using sub meters, we now have the information we need to pass along the sewage charges.

I am not endorsing him but for thirty bucks and a quick read do that before you shell out tens of thousands for an asset protection advisor or some other fear based sales pitch.  

Why do licenced/fiducary advisers keep recommending a broad based etf?