And like I mentioned before, there is such a huge emphasis on having good morals and treating others well.

Landlords have a legal and moral obligation to maintain the property.

Unlicensed brokers have NO oversight, NO licensing, often NO education, often NO morals, and prey upon the unsuspecting.

The idea is appealing from a moral perspective but from a financial one it's crippling and would set me back a decade, maybe half that time if I got really good terms. 

Here is what I can offer mentoring on:- Sourcing deals- Negotiating- Wholesaling (a little bit, I'm not a wholesaler)- Flips- Rentals (single families and 2-4 multis)- Pre-foreclosures- Rent-to-own- Cash, financed, subject-to, owner financing deals- Hard money, private lending, banks, cash- Self managing- Dealing with contractors- Networking and education- Getting your spouse on board- Dealing with failure and frustration- Moral dilemmas?

@JP Morales you analyse it as if it is fully occupied by tenants.

@JP Morales  Yes, I've also done it with smaller local banks who knew the property and could move quickly on the deal.

It would be wrong from a moral standpoint and, by my understanding, probably incorrect from a legal standpoint to try and mislead the seller in any way.

I was in the same predicament earlier this year and now with one.

They have the attorney make it official at closing.the moral of the story is have an attorney do it because each situation is different :)