It would not be prudent for you to service this type of loan, even if you are exempt, the base line as to requiring servicing functions and meeting demands will be as set as customary und Dodd-Frank, an individual really can't go there in view of the cost (which can be paid by the buyer, or split or by you) of a mortgage servicer, it would be nuts to attempt it.

The great things about O.C. specifically are:Very low unemployment rate (4-5%)Broad based economyHigh average household incomes (means qualified buyers/tenants)High demand for properties (helps drive up appreciation)Perfect year round weather (draws tourists all year)The ocean!

Right now I am juggling real estate, a full time demanding job, and kids, so I have to be really careful about allotting/balancing my time.

I took First Tuesday courses by the way.I have been studying and reading all three books but there is only so much information that I could take in and I think to myself, I know that all of this material will not be on the test, only some of it.So my question to all you fine people out there, is there any supplemental education or book that does not cost much that will possibly go over what most likely be on the test?

I would assume because of supply/demand - more demand in LA so people are willing to accept lower cap rates - presumably in the hopes of future appreciation.

There is no way of saying which borrower or tenant will default except through good underwriting practices and the ability to read people, I don't miss very often and there are aspects of life, those "financial life events" that can never be foreseen in advance.As to bands of investment/price, not really as I'm an underwriter type and consider each property in relation to the market demand, market rents or collateral nature, to the tenant/borrower.

I am in my mid 50's and my goal now is to get into this to eventually have a few properties to create passive income to supplement my retirement in a few years.Would like to start out with a duplex and learn what I need to know then maybe some larger properties.I'm always willing to learn and take advice from those who have been doing this longer than me.

Without it, a TB or seller could waltz out of the agreement and rightfully demand that all of their monies be returned.

Even if you don't want to rent to section 8 they will probably know what they have more demand for.

We have a severe rental housing demand in town, so I feel very confident that like the house next door we could get $700.