On the other, the foreclosure tanks credit and could cause an applicant to not pass a pre-screen process. 

Some background: my friend is a tenant who has been living rent-free in a unit for over ten years but is a professional painter and has been painting numerous properties/units for the landlord in lieu of rental payments.

You can use OPM (other people's money) but you should be bringing then something like experience or skills ....

PROs:Adds a level of professionalismAccess to MLSNetworking with other agentsAccess to resources of TREC, TAR, NAR, SABOR, & other groupsListing your owner propertiesAbility to earn commissions (or given them up in order to get a deal)Ongoing education that keeps you at the forefront of the market, legal issues, & trendsCONs:More liability (assume professional liability)Some people just don't like RE agentsRealtor - often considered the last bastion of hope for people who have failed to launch a  successful career in anything else.Dues, Fees, Insurance, Expenses in GeneralSubject to rules and laws that don't apply to non-realtorsHaving to work with TREC (they are just very slow and cumbersome to work with)For me, I find it worth it to be a professional in my field.  

I have a couple of conventional buyers that want to buy and are pre approved.  

And on my subdivisions I am currently building I do not record CCR's or create a HOA.. its only mandatory if we do a PUD... since I am building all the homes and ( praise the LORD almightly ) they all pre sold we are in and out of 27 homes in one year.. and I just leave the folks to self govern themselves.. there are actually a lot of buyers ( at least at these price points starter homes here  350 to 400k) that prefer NO HOA

Pre-foreclosure means there has been no foreclosure sale. 

In particular, I want to get started renovating homes outside of the Northampton, MA area, where quaint country homes are a prime market for visiting professors and working professionals.

Hello everyone,Can anyone in the metro Detroit or/ Detroit area recommend someone that is savy and knowledgable in legal advice, entities, real estate questions as an attorney but need them to be professional!

I also thought it didn't seem very professional and I doubt would get me to make a call.