If you are a person or estate, you are allowed to seller finance one property per year to consumers and are exempt from licensed mortgage origination requirements and ability to repay verifications and host of other requirements in Dodd Frank.

Being a PR can be a time consuming and thankless job.

@Rick Baggenstoss, can you elaborate on your statement,"One last thought, settling a total loss claim for ACV will also be very time consuming."

Where most make a very time consuming mistake in RE investing is starting out with specialized markets, starting with some niche or strategy.

So here are how things worked out:Purchase price: $18,000Renovations: $7,000Purchased in July '13, all units rented by November '13Rental income: $1638/monthParents invested $20k at 9% for 5 yearsThis purchase has certainly helped propel us on our way to paying off consumer debt and reaching other real estate goals.

Consumer buyers (owner occupants) vs.

Due diligence on your part will be exhausting but the funds are out there but it certainly is time consuming.

He was concerned with the practice and thought I was "equity" skimming and essentially planning to defraud consumers out of their money.I came across the Washington State Attorney General's page http://atg.wa.gov/hb2791prjune08.aspx#.UyfgGfldWJEand it does seem that wholesaling could be questionable.Is there ANY legal information/experience someone could provide me with that could help me calm my nerves and get started?

This is the official statement from Goodmann that I got via E-Mail:Thank you for contacting Goodman/Amana’s Consumer Affairs.If your are planning on using the property for rental, the unit will get a 5 year warranty.

I second the advice that the air sealing is theist important and time consuming part, and it shouldn't be skipped.