the key is at Langer we had deal flow .. you got a payoff there was something to go into literally next day.Our routine was to look at loans in the field in the morning then Jack would work the phone in the afternoon replacing payoffs.. when you got to his level it was a simple how you doing I have a Caster loan for you.. hows the kids and what not Boom done.. it was quite the education for me..

MI will be teaching people what not to do for years to come.

I see that all the time on FB and what not.  

Josh does a great job of explaining what notes are and how we can profit from them. 

I have done my comps and whatnot...

I've been very hesitant to pull the trigger on some as I'm new but if you'd like to talk or what not at some point let me know. 

However, people are obviously free to spend their money however they prefer to, so who are you or I to tell them what to do or what not to do.

This money may be lost, call it your cost of education on what not to do.

It's likely your attorney was suggesting you not accept cash as to make sure you have a paper trail and what not.

Keep in mind that you will need to know the landlord-tenant law inside and out, as well as the discrimination/fair housing laws for each city and state you manage in, in order to be not only good, but keep yourself out of hot water.I'd specialize in one state or even one city.Read the manager nightmare stories and you'll learn a lot about what not to do :-)