Veterans and active duty are near and dear to my heart.

@Curt SmithI'll make a really broad statement, if you do want to do one or two sandwich lease option deals a year it's not a big deal as far as being licensed, this is only my opinion but I think most "departments of real estate" could care less of 1 or 2 dealsThe big point I'm trying to make is if you want to do 50 to 100 of these deals a year, there's no way around not being licensed in most states because you're acting as a major business operation, there is a pattern of similar business activityAnd I've said this over and over, all it takes is for you to get a negative reputation at the department of real estate in your state which will stain your reputation from being licensed in the future; all it takes is one real estate broker to write a letter to the commission and now you've got headachesIt's prudent just to get licensed and build a business you can be proud ofA sidenote:  I think a lot of people on BiggerPockets think that if you are licensed it stops you from doing creative deals,  that's not true at all.Regarding sandwich lease options on nice houses in nice areas, Dodd Frank excludes your relationship with the owner as an investor, if your subleasing and sub optioningI think there's a great opportunity for you getting rent credits and doing creative contracts with your owner as an investor with sandwich lease options, but don't be broke and not have some reserves like 3 to 6 months in case the tenant buyer doesn't pay you when you sub option and subleaseAnother issue is be careful of who you let into the house and make sure the tenant buyers  work on their credit and save money for down payment and they truly want to be homeowners.

Dear All,I have recently started looking for good deals in Real estate...Hope to get help from all fellow-members.VJ

You have SEC regulations as well as lending regulations to comply with, such as registration with your state department of finance and perhaps other compliance issues.

You could check with your local building department.

I have been selling some of my rentals because the inspection department is difficult to deal with.

Since then I have taken advantage of early retirement from my fire department career and relocated from PA to SC.My interest in real estate investing has never really left me and now that I have finally gotten settled in after getting my house built, I am looking to get back to investing and building a "business" that can provide some financial freedom.

It turned out to be arson - revenge on a tenant (go figure) - but when the fire department was examining the integrity of building once the fire was extinguished, they found a body in the attic.  

Bear in mind, that advice from your attorney, accountant and/or from the State Department of WC (if applicable) certainly trumps what I communicate here.The most important consideration is to understand that how you compensate your labor may or may not excuse you from carrying WC coverage on them.

Wow...I'm 24 and you my dear are awesome.