If you buy down your interest rate with points, then you are essentially betting that interest rates will not go down in the future, since you will lose those points when you refi (some exceptions exist).

You will most likely see this with much higher priced properties or maybe if you have an established relationship with the bank.For the single family and 1-4 multifamily investors out there a lot of private money is now catering to these types of investors, think B2R and Lima One Capital.

The type of contracts you do are going to vary state to state.

I bet you it is the same amount of hours of work per week.

Not sure those books will get into the TX specifics, like lock types required, how to handle a security deposit, safe harbor when charging late fees, required lease disclosures, etc. 

I’ve never heard of anyone bothering to put a 2 stage system in a mobile home, I bet 90% of regular homes don’t have 2 stage. 

You know what type of truck he drives?

With 40k, using traditional investment financing, you will be able to find a SFH in a nice B- to C+ type area that needs minimal work.

One a buyer finds a house or a seller gets a contract and you close in 30 days, you get a check.Commerical...first check might be 3-6 months and maybe longer depending on what type of commercial you do. 

They have been the send everything in at the end of the year and let me know what my taX bill will be type.