i've taken out a HUGE book from my local library that helps realtors, appraisers, inspectors and brokers, to learn New York State real estate law and regulations.

Now the rents are regulated and thorough inspections of the property are required, but you can offer any property through HUD's Section 8 program.

The contract for deed regulations are EXTREMELY strict and pretty much make it impossible for someone to sell without being liable for some serious penalties.

I understand if it is against regulations or if that is your bread and butter.

Income taxes due from depreciation recapture can not be deferred into the following income tax year and are due in the taxable year in which the Investor disposed of (sold) his relinquished property.It will depend on whether the Tax-Deferred Exchange Agreement used by the Qualified Intermediary for the Investor’s tax-deferred like-kind exchange transaction includes the required language contained in Section 1.1031 of the Department of the Treasury Regulations prohibiting access to the 1031 exchange funds until the following income tax year.The ability to defer the recognition and reporting of the taxable gain into the following income tax year depends on when the Investor has the right to obtain access to or receive the benefit from his 1031 exchange funds.For example, if an Investor disposes of his relinquished property as part of a 1031 exchange and the relinquished property disposition closes on December 1 of any taxable year, the 45 calendar day identification deadline and the 180 calendar day exchange period are both in the following income tax year.

having said this, let me further say that many people who are considering any type of business or investing in real estate, HAVE NO IDEA about financing, financials, types of investing, how to handle agreements and contracts, laws and rules, regulations, etc.additionally, i would just go out on a limb and say, that in my opinion, i would say that (and this is a guess) about 40% of the real estate "investors" that would consider themselves successful and maybe even many fellow colleagues would think the same about them - that they are not or will not last in the business.

Also be sure to learn about any rules or regulations specific to the area that you plan to invest in!

The 1031 exchange regulations include language in the preamble that specifically states refinancing in anticipation of the exchange would disqualify the 1031 exchange.

.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

Additionally, if you represent a buyer or seller in a real estate transaction, and will also be compensated for obtaining the loan for the buyer, Commissioner’s Regulation 2904 requires you to disclose, to all parties in the transaction, the form, amount, and source of the compensation received or expected for the loan.http://www.dre.ca.gov/faqs_mlb.htmIt doesn't give any info about how to get into the game, but it's something.