Examples of financed properties that do not have to be counted in this limitation include:■ Commercial real estate■ Multifamily (five or more units) real estate ■ Timeshares ■ Undeveloped land ■ Manufactured homes not titled as real property (chattel lien), unless the property is situated on the land that is titled as real property ■ Property titled in the name of the Borrower’s business provided that the Borrower, in his or her individual capacity, is not on title and/or is not obligated on the property■ Property titled in the name of a trust where the Borrower is a trustee, provided that the Borrower, in his or her individual capacity, is not on title and/or not obligated on the property (iii) The monthly housing expense related to the Borrower’s current Primary Residence must be used in calculating the Borrower’s monthly housing expense-to-income ratio (iv) Regardless of whether rental income from the Mortgaged Premises is used in qualifying, the reserves requirements in Sections 5501.2 and 5501.3 must be met (v) The aggregate negative rental income from all rental properties must be treated as an obligation and considered in calculating the Borrower’s monthly debt payment-to-income ratio (vi) Borrower Funds must not include gifts from a Related Person or gifts or grants from an Agency as described in Section 5501.3(c) (vii) If rental income is not used for qualifying, the monthly payment amount (as described in Section 5401.2) for the Mortgaged Premises plus operating expenses must be used in calculating the monthly debt payment-to-income ratio.

You are NOT trying to buy the estate and all its contingent issues as one would buy a corporation or other entity.If you are interested in purchasing a particular property from the estate in California you would purchase from the person in charge of the estate who has the capacity, powers and authority to sell. 

Will they have the capacity to monitor the property?  

But when tenants are not going to be there and their stuff is in the unit, I would be there to let them in, and probably stay in some capacity to be sure that nothing in the unit is disturbed except the windows.  

Britton CANNOT act in ANY capacity - he can collect a check, and that's all.

So we can be ra ra for beginners I answer a lot of beginner questions and sometimes will sit down and have lunch.. ( they want to buy me lunch but I end up buying since I can tell this would strain their budget)... but most that I see do well in Real estate over a career have gotten in the industry in some capacity...

However, I think there is a great deal of exposure one can get while working in this capacity.  

I have seen a few posts on BP where instead of the 3 C's listed above--character, capacity, collateral-there were five.

Wholesaling in any capacity is a very advanced strategy and not anything its cracked up to be when you read on BP or any other online get rich with no money webinar.

I have always had the desire to work in real estate, but never certain to what capacity.