As I am sure to make a ton of mistakes, I wanted to join this community in an effort to reduce this number by one or two errors in the future.

However, I have the same limitation as other would be investors(low cash).So I'd like to ask both the vets and the rookies...

It is a fine distinction, but it depends on the type of closing you have.Final Word of Advice...No matter what, keep in mind that your Broker is the one who has to ultimately keep the lights on.. pay the Errors and Omissions Insurance, the staff, the Internet,  and other things to keep a brokerage open and functional. 

No one will take your post seriously if the total of the post is 6 words with spelling errors and no punctuation at all.

Im looking forward to discussing the matter with those who wish to offer a rookie advice and I will do my best to continue learning about the subject so as to best help others in the future as well.

So here's the numbers:appraised value: $40,000purchase price: $27,000monthly rent: $550, (could have gotten $600, rookie mistake)rehab cost: less than $1,000dimensions: 2BR, 2Ba, Approx. 1,000 sq feetThe unit is already rented to a tenant who passed screening, and seems great thus far.

Sad story.  The seller got cancer, cannot work, and needs to liquidate assets.  Anyway, he is willing to sell his duplex with a great view of Downtown LA at a decent discount.  What are my next steps?

Please send us a screenshot of the error that you are getting to [email protected].

The CFPB initiated the 3-day rule specifically so that borrowers would have a chance to find, and correct, errors before closing, as well as find out about changes to the terms of the loan.

But it is a major risk to have an assistant, because basically any error you make while assisting your sales person will be his responsibility.