The Commission exempt intermediaries that are actively involved in the discussions, negotiations and structuring, as well as the solicitation of prospective investors, for private financings on a regular basis from broker registration at the federal level, conditioned upon registration as a broker under State law. 3.

I understated the difference between the foreclosure price and the Zillow estimate. 

@Rob Beland- IMO you are understating useful life of a boiler, they should be expected to last twice that long ...

I can get one through in about 4 to 5 weeks under state law, but now, the feds have extended that for owner occupied.

When analyzing deals, you need to be very conservative with your numbers to ensure you are not understating expenses, or taking into account for taxes, vacancies, maintenance, etc.  

Any vacancy rate will be understated until you add uncollectable rents and cost of evictions.

There may be quirks under state law, but this does not sound like a problem to me.  

Which I underst but we was living rent free,carnote free that was all in my plans to continue to save to buy rentals.but eventually the rant got the best of me an so on dec 24 we closed on an property that is our home now that we got for 108k the idea of seeing my wife an kids happy was great but I cried down inside of the idea that the 9k I will be spending an year now on mortgage could have been put into the REI account but the family got the best of me.The propety at 15k is now rented for 565$ an month I have tenants an have received 2 rent checks so fair an the feeling is great.

Licensing is a component that may be required of a seller, if the regulatory body in their state deems them to be "habitually" providing seller financed mortgages.Here is some comments on the topics put out by NAR...their conclusions and opinions are just that...their conclusions and opinions.SAFE Act Final Rule: Seller Financing and REOs The SAFE Act requires licensing of loan originators under state laws that meet minimum federal requirements.

At a minimum, I think the risk of recession in the next 2 years has been understated by many, including the Fed.