The unlicensed assistant may exercise no discretion over the language used to complete the blanks on a rental agreement, but may only write words dictated by the property owner, designated broker, or managing broker.Provide information about rental units, leases, lease applications, security deposits, and rental amounts to prospective tenants.Assist in property management functions by carrying out administrative, clerical, financial, or maintenance tasks.Unlicensed assistants may NOT… Advertise that they are engaged in the property management business.Hold trust funds.

Good exercise to work through some deals, but this is not a sales job. 

Below are some links to help you get started.Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead the Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out the BP Podcast and start learning the lingo while you drive, cook, exercise, etc.: http://www.biggerpockets.com/renewsblog/category/podcast/Going to @Anson Young's Denver meetup on the 27th is also a must if you can make it.Good luck and hope to see you around the site!

Nice exercise anyway.  

From other threads I've read, wouldn't you be effectively only LEASING the property until you can exercise your OPTION to buy (at which time you would have to come up with actual funds)?

The new controls prevent the lender from exercising any influence over the appraiser or even speaking with them.

This way you will still own the property in case Gertrude defaults, you can take her down in the form of a 'option' fee and still determine price, payment and interest and if Gertrude doesn't exercise within the 2 years you keep her 'option' money and do it over again with someone else.

I have done that with no issues so far, but have also read recently that banks or servicers that purchased the loan from the original have decided to exercise the Due on Transfer clause years later.

Sale was going well, until day before closing when we were informed tenant was exercising their TOPA rights.

I'm hoping to find on the forums real world examples and exercises I can apply when finding my own properties.Feel free to drop a line and say hi and I plan on contributing what I know to the community.