By that I mean not misleading sellers, and closing on properties unless they do not meet your criteria such as a bona fide inspection problem. 

Being an agent with a bona fide listing agreement precludes this type of behavior..

Usually they find us and BP has been a great place for many to do so.Look for small- to medium-sized operators (Google "we buy houses <your-local-area>"), call them up, and see if they are open to receiving leads and then paying if they buy the properties.The biggest challenge of being a bird dog is quickly learning how to recognize a bona fide deal and not waste your time (or the operator's) with non-deals.

However, if a bona fide offer is received from a third-party prospective buyer, then OWNER shall again notify HOLDER in writing and offer the Property to HOLDER at the price and upon the same or better terms as named by the prospective buyer.

In Texas, the frivolous filing of a lis pendens can be a big problem -- the filing entity must have a bona fide interest in the property and the title to the property must be in dispute.

As a bona fide buyer, lower your price at the start. 

Once you're up and going and partners and deals are in place and you are a "bona-fide" investor, then maybe you can decide to lose the license so that you can attain more flexibility.This is a shortened down version of a conversation I had with a family member (seasoned investor) and myself (newbie finished with Brokers classes prepping for exam).Sidenote: What are your guys' thoughts on education through such organizations as ULI and ICSC?

We do not know how courts will rule on the equity interests of a Seller Finance note done incorrectly nor do we fully understand if a Seller financed note done incorrectly will be deemed to have created a bona fide legal interest for that mortgagee.

Seems to me that unsolicited texting/emailing/cold calling (IF you can get the phone # or email address at all to begin with) is essentially useless... whereas, with direct mail you are pretty much guaranteed a direct avenue to that note holder (assuming you are using a bona fide, prescreened list).Having had considerable success with direct mail, I can tell you that, in my experience, the bulk of note holder responses come on the followup-- that is, after they have seen your message several times.

See active participation checksheet at end of chapter.Sub-Issues The activity must consist of rental real estate (not an equipment lease).The taxpayer must have “actively participated” in the rental.The MAGI must be less than $100,000 in order to obtain the full $25,000 benefit.Active Participation Sub-IssueAs long as a taxpayer participates in management decisions in a bona fide sense, he actively participated in the real estate rental activity.