I think the other sites typically form a separate LLC with investors, which adds another layer of complexity and more costs. 

Try to pull the paper in layers.  

And while you'd think it wouldn't matter whether they're doing cash out or rate/term as long as the LTV is under their guideline, the reality of it is that banks - especially banks that are going to be holding the note - deal in "layers of risk".And cash out refi paper/loans are considered and have been shown to be one of the more risky loans that banks will do in terms of investment property loans.

I would think the local lenders would be more generous given their layers of risk would be better there given the market.The lenders must be making a killing on the spread then if they're getting those rates AND a point.  

(Below is a list of phone numbers forMembers of the Assembly representing the Southland)http://findyourrep.legislature.ca.gov----------------------------------------------------------------------------------------------------------------------Why we are OPPOSED to AB 2819 and request a NO VOTE:Under California's unlawful detainer (UD) "masking" law," UD court filings are hidden from public view for 60 days following the initial court filing, and then are unmasked.

It is just a layer of protection so you don't have flakers..

How many existing layers to be removed?

Oh yes, we get a lot of sites masking behind different software for some reason, but you should be more concerned when their offer is just too good to be true.

If managed correctly they can add additional layers between the different areas of potential liability.

The routers we use are capable of both layer 2 & 3 segregation and we provide each unit with its own isolated network segment.802.11 (WiFi) becomes problematic as the size of the building grows:  if you have 6-tenants, each with their own personal WiFi network the interference is tolerable, but once you scale to a 20+ units the tenants access points will be fighting with each other and there will be a lot of RF noise.