All prepayments shall first be applied to accrued interest and thereafter to the principal loan amount.DefaultThe co-maker shall be considered in default in case the borrower failed to pay any three (3) consecutive monthly amortizations.TransferThe Lender may transfer this Note to another holder without notice to the Borrower and the Borrower agrees to remain bound to any subsequent holder of this Note under the terms of this Note.Replacement of NoteThe Borrower agrees to execute a new Note with the same terms and conditions and remaining value in the event that this Note is lost, stolen or mutilated.

My clients buy subsequent houses as owner occupants and then live there for a year and convert them to rentals.

IMHO, the time you spend on the license, and then the subsequent expenses involved with keeping it active, are all resources you could put into finding deals and the funding to make those deals happen.  

This year have had two SW MI area loans:15 yr, 20% down, 4.125% (subsequently paid off)30yr, 25% down, 4.5% (duplex)I also have a loan from Oct 2014 30yr, 20% down, 5% (SFR)

, and the subsequent response from Micah: I think they're smart.Ha!

Any subsequent change in the terms of the listing, such as the list price or expiration date, should be confirmed in writing.To offer a property for sale, the license law requires the consent of the owner or the owner’s authorized agent.

Then I would have quality questions to ask my professor for a subsequent class period.

I had to take a crash course in FEMA flood zone regulations, The Biggers / Waters act with the subsequent removal of government subsidies flood insurance industry, the 50% rule and the new face of available flood insurance in Florida.

Are you sure that you just the only one not in the know here and there was a "meeting " on the LLC and  a subsequent vote to further encumber the property?

You have no idea what the final price will be, especially if there are 2nd or subsequent lien holder(s).