The idea will be to discuss local and national laws, regulations and guidelines that impact investors.

I do have a full-time job so I can pay the fees, but I'm disappointed to learn HMLs tighten up their guidelines.

I believe there is a recent FHA guideline for refinancing underwater properties with borrowers who are current and qualify, it primarily addresses the property value with a government guarantee.

From what I've seen going tile might be your best bet in the south.

If you are set on La Quinta, perhaps multi-family may be the better bet for long-term cashflow.

They are claiming that this is part of Fannie Mae u/w guidelines.

After the bank fiasco you can bet an appraiser isn't going to put his tail on the line and be duped into giving a higher appraisal than is justified, and in fact, most appraisers are being extremely conservative, so if you can't show "real" value, walk away.

But, not only is it not easy, it's probably one of the hardest things to do in real estate -- make money when you have no money by finding deals that are so good you can pass them on to another investor at a mark-up.I'd be willing to bet that 99% of the people who come here wanting to wholesale never do a deal.

You will want to make sure the loan was originated in consideration of SAFE Act for both the state where the property is located and the federal guidelines.

I interpreted it as insurance is your best bet against financial loss and the entity is your best bet to make the path to a lawsuit "difficult".