Agents know about the unauthorized practice of law, that's drilled into them, they are less aware of the unauthorized practice of mortgage origination and associated liabilities if they are permitted to originate a mortgageA good RE Broker will keep an agent from getting hung, not only for his/her protection but also to protect the agent and agency.Everyone usually thinks I'm being negative, raining on a parade, saying don't do this and don't do that, maybe so, it's because most really think these aspects have real liability and they haven't done enough deals to have problems end up with an attorney or a judge.Actually, I'm surprised that there is so much fear by landlords of getting sued and never a thought of getting sued by a buyer for predatory lending or due diligence.

Confidence is large part, i'm still learning this stuff as well, but don't psych yourself out because of fear...paralysis can kill you.

I'm fearful that the entire roof will need to be replaced including the trusses.More pictures of the attic with trusses.Here is a picture of the roof from the outside, where you can see a noticeable "sag" in the roof, which I fear is from the poor condition of the trusses.

Welcome to BP Nation Jason.Your question is difficult for me to answer simply because it is hard to say when the official day was that I started looking for a deal, but dont be surpirsed if it can take you a week, 6 weeks, or 6 months.The key is that you get educated, then apply that education without letting fear stop you.

Onto the point...On each end of the spectrum you have "newbs" who jump into REI with no regard for the risks and without nearly enough education, just waiting to get burned...then you have those (like myself) who have spent years reading and learning but can't seem to take the leap, for fear of getting burned...HOW do you know when you're ready to get started?

Again, I’m a newbie and this is my first deal, so I think the bad feeling I have is just fear, which is why I’m looking for some BP community opinions and guidance!

On one hand he says the rich are driven by fear and the richer they get the more fear they have.

If we added 800 - 900 sq ft (which the lot could easily accommodate), the buy MIGHT make sense.My biggest fear was aquiring permits.

There are GREAT cap rates all over town, do not fear one area over another, because there is always HUD.Jack

@Michael DeAngelo,You have a good head on your shoulders.As for fear, that is healthy, everyone shares that on their first deal.