@Franky Juwana  as a HML in my day and virtually every loan we did was fractional.. your worries are not founded in reality.. vis a vi investing with a broker who his or her business is to provide funding and create fractional interest ( very common in CA).you have the broker who handles or controls the documents.Is it wise to buy a fractional interest over the counter or without knowing the players is not advised to down right financial suicide.. you only do fractionals with the broker you know like and trust.partials ( hypothications) can be done when you do not know the players just be sure the asset will cover the moneyout. 

In my experience, it's a complete waste of time to go back and forth using stated income, stated asset, stated credit, stated rental, etc, when in reality in 2016 no one is doing stated income/asset/credit/rent/etc loans.

People exagerate things to get more exposure but the Reality is that I haven't met a single person that has Zika & that's the Truth.The REALITY  is plain & simple.

Educate them tactfully, gain  their confidence, show them with the reality of the market what they can expect, then make an offer that gives them a quicker solution.  

So, one could easily "spam" it by saying repeatedly that you are getting $1500/mo. for a 4BR when in reality you are getting $1300.

you have a few options.. in high priced west of cascades markets No cash means no luck and no business.now you could venture out to old logging and fishing towns in rural WA... and probably scare something up in the rental realm.. but those would be basically non appreciated assets and really why own them anyway... with no money your 100% leveraged in the rental realm and as such cash flow with be minimal.. so unless you can seriously scale I think its a complete waste of time and energy.If you want in the RE game and have no money best way to get in is to get licensed and go to work for a top producer getting paid to learn.. and learn in a manner that is sustainable.. this no money down stuff can work in some situations but its not a consistant or very productive in our markets here on the west coast.. too much cash competition.. that's the reality.

At the end of the day and this I can assure you of... if your sued no matter what you have set up you will get named personally and this is where proper insurance comes to play.. you will spend Thousands upon Thousands in attorneys fees trying to insulate yourself from personal liability in this business.. why not just set up correctly in the beginning.The other number one thing you can do to keep from getting sued is simply take care of your properties in a professional manner.. the reality is the only landlords that really have liability issues are usually slum lords and only if they OWN a lot of them..and their acts are egregious ( which I am quite sure does not describe you )...

When reality set in, they chickened out and ended up buying a house they wanted to live in, rather than one they wanted to use as an investment.Again, not saying it's a bad idea.

However, the practical reality is that a note transaction is quite complicated and has several constituent parts:1.

In reality, some tenants get their funds on the 3rd from the government.