But who knows what some soused up state legislator might have come up with, they aren't the brightest people in the world, just look at congress, which is why we are going to go the way of the Roman Empire.

Given current legislation, I recognize my model will cap out at 10 properties (per FMNA), but 10 properties for me earning $2000/mo is good money, especially as I begin to pay the homes off.

It's going to be interesting to see the impact of the crowdFunding legislation just passed.

Third, they mentioned federal legislation that requires banks to have cash on hand of 7-10 times the amount of bad loans they hold or risk being shut down.

I do know that my state has recently set maximum amounts for transfer fees, so I can see the legislation may be starting to turn against HOAs.

The deals are drying up quickly at trustee sale in Clark County so it is probably going to be a while until we see some better inventory because of the legislation I mentioned earlier.

.(* How about their new pocket knife becomes a switchblade legislation that, thank somebody, has not yet passed?)

Regardless, if someone was trying to keep the foreclosure hidden from the tenant, it would be difficult because the bank periodically sends a property preservation agent to the property who will knock on the door and speak to the tenant.I worked for a property preservation/ asset manager a few years ago hoping to get leads and was encouraged to make contact with the occupants whenever possible.Although the practice of getting occupants out ASAP was the norm a few years back, the "Protecting Tenants at Foreclosure" legislation was passed during the Obama administration; here is a link to that which should give you info to realize that the quoted post is a bit out of date (for now):http://www.occ.gov/publications/publications-by-type/comptrollers-handbook/ptfa.pdf

From the training and classes I've gone to the road map path isn't necessarily the best one because the road map works as long as your path doesn't change, but with how quick things can change with the market, legislation, etc. a road map may not work time after time.

I am sure they're well-meaning, but attorneys and legislators are not necessarily good investors.