Get an umbrella insurance policy ($1mm-$2mm).Unless all your actions and executions are flawless, for years: LLCs get pierced all the time by savvy attorneys...

Execution 5.

.: Quote from @Mike Grudzien: WRAPS can be tricky to execute (mostly newbies), but results can be awesome.They can be tricky.

Execution 5.

The way most people execute this strategy these days is by tracking notices of defaul and attempting to buy properties from the owners before the lender forecloses, but that's a VERY competitve field. 

The problem I've had has been executing & lack of knowledge.

And I had to put down the 20% first, and then executed the 15% seller financing after the close, essentially reimbursing me.

We’ve been executing a clean value-add: upgraded guest experience (clubhouse, gym, sauna/cold plunge, entertainment room), stronger ops (online check-in, call tracking, AI voice receptionist), and hospitality-first culture.

Build your knowledge and your capital and when you're ready, execute!

I contacted Kiavi about it, since I never gave the client their contact and consent to contact my clients directly, and the account executive said, that since the borrower did not close with Kiavi on the previous loan I submitted to them, they basically have all rights to solicit your borrower's directly, and not pay you any referral fee or nor give you any heads up.