Not saying folks must have an MBA, have banking experience, sales in financial products, or loan compliance knowledge to buy or sell a note and a vision, but it helps.    

I’ve also launched half-a-dozen digital products and tech startups, including one social network.Digital projects are fun but I also enjoy brick and mortar projects too!

Of the larger banks, Wells Fargo and BB&T have loan products starting at $ 250 k for small apartments.

Plenty of ARM products but only a 15 year fixed.

- Bank could require new documents- Bank could decline the seller for short sale and/or recommend loan modification- Bank could request a promissory note and the seller declines.- 2nd Lien or Judgement Lien could require more than they are allowed by the 1st.- Appraisal can come in too high- Appraisal can become too old and bank require new.. the list goes on and on.  

You deal with a product, clients, budgets, accounts payables, accounts receivable, taxes, etc.

In pretty much all major markets across the country pre-foreclosures have declined, however auctions and REOs are on the rise.

I declined lol.

A profile check often yields little additional information or indicated the individual is a realtor, guru, or broker ... at which point I conclude the colleague request is simple another form of spam and decline it.So, in your shoes, I would just let it ride and see what happens.

The liability paranoia is a product of gurus and attorneys scaring people to use their services, mostly, but properly run they are another hurdle to overcome.I would not be concerned with a 4 plex in my personal name with better financing, if I were going to have 20 properties, that becomes a business factor.