It is unlawful for any person to engage in the business of, act in the capacity of, advertise as, or assume to act as a real estate broker or a real estate salesperson within this state without first obtaining a real estate license from the department...Section 10131.

It will depend on the fundamentals of the transaction and your credit, character and capacity to manage this type of property to their satisfaction.

Some may disagree with this and say that they can manage the risk in such a way that more debt equals less risk, but history is full of examples of those that thought they could outsmart the risk and went belly up when a downturn proved otherwise, so I respectfully disagree and state instead that one should assume that there is no free lunch when it comes to debt or anything else.Some practical examples of using debt to manage risk level ... when I was young, single, and without kids, I was more focused on growing my portfolio and had a larger appetite and capacity to take on risk. 

Moore's Law deals with internet speed and the chips are made of silicon which has a projected capacity that is maybe coming to an end.

I have worked for both of my parents in the past in differing capacities as one is a residential realtor and one is in commercial so I do have a knowledge base.

Second liens would be in the business of paying off firsts when it suits their desire to earn more interest and they could execute such a plan after understanding the payment capacity and propensity of the borrower post origination.It is also important to note, Borrowers can, will and do contest amounts due under the loan all the time.

To qualify, 51% of the personal services you performed in all trades or businesses during the tax year must be performed in real property trades or businesses in which you materially participated AND you performed more than 750 hours of services during the tax year in real property trades or business in which you materially participated.However, if you are working in the real estate field (i.e. as a broker) and working for someone else (i.e. you are an employee), you do not get to count these hours or services toward the two criteria stated above unless you own at least 5% equity of the business you work for.One thing that is important to note - if you are in a management capacity of contractors or personnel that manage your property, those hours can be counted toward the REI Pro designation.

But if the Soldier was truly a significant other, he would have been on the lease in some capacity. 

Rule no. 1 of probate investing:Dead people don't care.You need a seller with the capacity, powers and authority to contract and sell the property to you. 

In general, I'd say with this system we have the capacity to do 80-100 wholesale deals a year.