Paul,I think this was touched-upon in some of the posts, but just to be sure -With the people who for some reason or another are always late, and with respect to the issue of ability or inability to collect late fees:Let's say the rent is $900 a month.

Then they start getting closer to doors and windows and touching them and jiggling things.

I'm from the Binghamton, NY area just a short cruise down Rt. 88 stay in touch!

Thanks Bill, that response was very in depth and gave me some better insight of how some HML's work.With regards to a new investor not having a track record and still getting a loan from a HML, one of my questions was if the borrower put in 50-60% of the money into the property and was to only borrow 40-50% from the lender, would the lender feel comfortable giving money to an inexperienced investor based on the fact, on which you touched on, the lender would have so much equity in the property to make there money back if the borrower defaults?

Pooling resources touches on securities law. 

Keep in touch.

They seemed out of touch with the price of the house but I didn't know if that was a wide spread issue or something specific with this place.

Keep in touch and don't be afraid to engage daily on the forums here!

The FHA method was denied because according to my Loan officer, there were no COMPS comparable rates in the area for two separate properties on the same parcel - plus 1 or the other multi units in the area was touching / not separated & the other multi unit was sold for $20,000 less.

Message me anytime and keep in touch!