We are a little familiar with the managing from a distance, but I would appreciate any and all lessons learned/ best practices you would be willing to share.Thank you,Tameria Dishman

So just wondering if that practice would be a no go or something that shouldn't be a problem.2.)

They might do this themselves if self managed, but even large 3rd party management companies will change their accounting practices in preparation for a sale if the owner so desires.  

I trust most active landlords have heard of the April 4, 2016 "Office of General Counsel Guidance on Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions" For those of you who have read the guidance, what "policies and practices" have you put in place for specific prior criminal behavior?

Looking at the data you correctly found a drop in rent growth (for all practical purposes it went to zero) and a drop in occupancy in 08 and 09. 

Also is there a practical side to acquiring a license or is it all theory?

I want to locate a place I can call home, but also become very knowledgable so I can secure property to either rehab and rent or flip (make money).Don't need to get rich quick approach, rather solid practical ways to be successful!

As a matter of fact as quoted" to me just recently by a PL that I used in 1991 but, is shutting down ..because I can't see people being abused like that and QUOTE:  With the NEW Banking Regulations Obamaboy has created a new PL Enterprise similar to payday loans" and making a lot of PL's rich ... and practically overnight but I'm not interested in  Obama scamming my former clients..JohnR

I am a full time practicing attorney in Farmington Hills Michigan with over 25 years of experience.

@Victor Vazquez.Wow- lots of hate on the shed idea, and no practical advice!