yep,Borrowers for HOMES/REAL Estate get "pre-qualified"(read=for "UP TO" a specific amount based on Income, Credit Scores, Reserves, & Backside DTI(debt to income ratio, based on the New Purchase monthly payment added to existing obligations)Note2Nate=ALL better(read=competent/successful) Real Estate Agents want to see Your LETTER of pre-qualification BEFORE showing You property(s)...time=$$*I provide those letters* :D Credit Cards & occasionally Car dealers tell you You're "Pre-Approved";Hope this helps,--Mick

If there's a drug dealer across the street, it means to get all the neighboring owners phone numbers and apply collective pressure.

All my opinion, as an observer from a state that has less scrutiny in the unlicensed broker/dealer aspect of REI.

If a seller can document the deal, have an attorney close it or maybe involve a credit counselor (they are non-profit types through HUD) you could probably ease many of the pains.Problem too is that seller/dealers don't have a clue, maybe a simpler class and a pass could be had.

For an individual "dealer status" depends upon the transactions characteristics.

As was mentioned, you'll get sales experience (loans are financial products) you'll meet the public or dealers, you may learn collateral aspects and perfection of liens, but IMO, you'll be seen as picking up bad habits and attitudes.

You want to keep your flip activity separate from your rental activity to avoid tainting your rental operation and having a rental property sale tagged as a dealer transaction (a flip).  

There are some on these forums who suggest that if you only do one flip and never do another one, you can "get away" with treating the flip as as investment property sale, but this does not conform to the strict definition of a dealer disposition.

Hi @Matthew Irish-Jones,Do you have any other contingencies left after the appraisal?

Drug dealers prostitution violence.