My partner recently met with larger management company and has been investigating the broker's license requirements.

I was recently investigating a market and asked a property manager why I should invest in his city.

I contacted the Nevada lending division   About 2 weeks later I received a call from the state investigator..  

The state agencies have very limited employees on staff to investigate complaints filed.

They will typically contact the broker first to see if they can negotiate a settlement before launching a full scale investigation.

As long as you revisit and investigate why those mistakes happened AND act upon improving them on the next deal, you should be golden.

I am investigating a vacation rental in Orlando.

Buying on terms in GeorgiaHi @CL TumlinI'll begin this discussion by saying buying on terms requires some investigation into pitfalls for both the seller and the buyer.

I have found it just depends on the person what their comfort level is.For some a vision of owning a property outright is the ultimate goal.They feel security in that the house is paid for.My mother-in-law is 67 and her house,cars,everything is paid for and money in the bank.She doesn't live high on the hog but loves the security and "NOT WORRYING" about money.On the flip side I see the money as rotting every year not doing anything.If anything the value is getting less as inflation goes up.It's the same as saying if you save xx dollars in 30 years you will have 500k.That may be true but in that 30 years from now the 500k won't have anywhere close to the value it has today.Now other investor clients of mine view it a different way in that rates are so cheap right now they jokingly refer to it as "ALMOST FREE MONEY".Long term rates in the 4's to 5's and short term 3 to 5 years in the 3's.If you look back historically rates for borrowing money have never been lower over the years.As far as using an agent if it is listed they are free to use.Whether or not you will be a better negotiator has to do more with your skill level.On the survey and all other inspections that is on you the buyer.You are obligated "with your right of your own inquiry" to perform all tests you deem necessary to feel comfortable moving forward and closing a transaction.On all my listings it says "information deemed reliable but NOT guaranteed".The reason is in reality the seller is not sure and is just passing information onto me to relay to potential buyers.Always do your own investigation of a property.

He is investigating the address.It might be good for the first mortgage to foreclose but definintely not for the second.