@Clayton Crouse thats a very complicated question and givin the strict regulations on these types of transactions you should rely heavily on a good CPA who know this sector of the business and the laws that go along with it. 

When looking for your next investment property in VR, if you want to diversify in a new city, the status of the regulations by the city is obviously an important decision factor.

First, you must select an exemption at the state or federal level that allows you to do what you want to do, such as Regulation D, rule 506(b) or 506(c), or an intrastate exemption (where everything – you, the property and your investors are all in one state).

If I can not get access to the property, I will assume anything built before 1982 will contain asbestos/lead in common materials (based on my experience there's a 90% chance this is the case).I believe Texas requires any "contractor" performing ASB abatement to have a license, which means Texas has some regulations established regarding removal & disposal.In California, if you are the property owner you can perform the removal/abatement yourself (assuming SFR), the only requirement is that the asbestos waste be bagged up & taken to a designated facility (in my case in Santa Barbara there is a facility at UCSB where homeowners can take the waste at no/minimal charge). 

Looking in G'ville and Jax.I would think that all Realtors are good. they have a licencethey have been trained in the ways of representing others for a feethey have to go to continuing education coursesthey are regulated by the statemost are bonded and have error and omission insurancethey are members of the local MLSmembers of Boards of Realtorsthey are motivated to earn income from listing and selling real estatemost are not real estate investorsmost are sincere and anxious and ready to earn a commissionLicencee are trained to represent others for a commission and to protect the public from fraud. 

I'm planning to move to another state in about 6-7 months and have decided to get my real estate license in that new state, mostly to quickly learn the state RE laws and regulations and also take advantage of the networking opportunities. 

I have been doing some research on whether I should consider myself a lender and therefore have purchasers sign a closing disclosure and a loan estimate form in accordance with TILA-RESPA regulations. 

The ugly details are where the real learning happens so if you want to know about the deal, agents, contractors, taxes, regulations, contracts, financials, etc., while I go through the process, I’m happy to share my experience.

Lots of things caused the mortgage crisis.A lack of regulation allowed many tactics that should have never been allowed. 

My cousin keeps mentioning the "look back" regulation that requires transferred assets to be held for 7 years before he could liquidate them without the state "taking" everything.