It's not illegal for a mortgage company to fund a loan sold by an owner, but it needs to be fully disclosed.Your MC will need an office, a sign on the door, a HUD sticker, a bank account for escrows and funding, a telephone and if servicing a toll free number along with local office complaince issues, it's not that hard.You could have an independent MO originate seller financed notes as well, that's another strategy but I believe in the current environment this would be cleaner.

I think many of the so called "socialist" policies are very effective in maintaining a stable capitalist environment.

CA with Environment Control.

Interest on the escrow needs to be paid to tenant at annual anniversary.Having insurance is very important, making sure the place is in living condition, disclose environment hazard with tenants is very important.I hope this helps, please feel free to contact me.

@Kurt Charles  I hear what your saying there.. and its an extremely fine line.what those who say don't be an agent generally are speaking about are transactions that if one was to use ethics and moral compass one would look at those and think neither were present.And what I refer to as the unsophisticated seller who knows no better.. they may look at a tax statement and if its tax assessed at one number they think that is ARV on a perfectly fine home.As an agent with a high standard of ethics you would point out that arv and tax assessed are not the same ARV is generally higher ( unless its a hoarder house or one in a great deal of disrepair) or in an area that has suffered from going from good area to bad IE turning into a Ghetto type environment as we see in the bigger older Cities. 

we have to use what is reasonably certain than compound forecast and assumptions exponentially. some may argue that estimating a 3% increase in a rent control environment is excessive but general price increase is at 3% hence that is used for both cities.Also, although 45% expense is estimated for both cities it can also be that expenses are actually higher in LA than Baltimore, so actual expense in Baltimore may be like 35 or 38% which is totally feasible.Well, we let property management worry about managing properties within their allocated budget right?

Inventory is very low here in the SFR market, and I have yet to see a single property I thought I could make work in the current environment.

One is called Hair and Grease, it comes in a bag as it's an acid product-so consider your pipes and the environment.

In today's low interest rate environment the spread will be considerable higher.   

If you are unable to recognize progress, then you are obviously not progressive. ..If only we had $10mm Federal Grant to study "failure of financially successful real estate business guys to embrace realness, diversness, toleranceness and wokeness in the urban environment"....