Financially, it might be better from a cash flow perspective to do the long term rental.

Hi @Sam Bernard -I, obviously, can't speak to the author's intentions, but I'll give you my perspective (and, for what it's worth, I'm an ex-Trulia employee from the early days)...The short version is because realtor.com started out as a network for members of NAR ... nearly every MLS in the country provides it with a direct feed of their listings - this gives them 100% listing coverage for each of those markets with the most up-to-date information.When Trulia and Zillow launched, no MLS would work with them. 

@Justin Ramos - I only have the details you've posted so forgive me if I'm missing something here: From my perspective, you've got some serious digging to do.

I found one or two parties who were the principals and not brokers,  and they were the only ones who did not try to add that language in the contract,  and coincidentially their offers were also the best ones.I can see the value in using it when forming an LLC,  but otherwise from a buyer perspective I agree with the sentiment that it adds a lot risk without any additional upside to the transaction.

It would be great to have an outside perspective on my business plan, is there a day I can take you to lunch and talk further about it?

There is a wide perspective on the value of cost seg studies on this site, and when it makes sense to spend the money one one.

Any other seasoned investors have perspectives on DP2 vs DP3.

Perhaps from a real estate investor perspective, they may want to pick up tools that note investors use to help them gain more insight into the properties and borrowers they’re engaged with.

This is often more useful from a sponsors perspective since there is no pref being accrued and the splits are based on the eventual disposition or other capital event.

You really gave me a different perspective.