The above comment regarding local political climates applies just to the state and local situation.Yes, if a proper inspection shows no lead-based paint, the requirements for pamphlets, notifications and such do not apply.

In addition, if any of you all have knowledge on the climate of the Real Estate market in Burlington, NC that would be greatly appreciated!

The benefits of refinishing the hardwood is that it won't need to be replaced/refinished as often as carpet but this is in a cooler climate where I'm sure many prefer carpet in the bedroom. 

And HUD properties are notorious for not being properly winterized, so if the property is in a colder climate there are likely water supply line issues.I would feel more confident about my low-ball offer on HUD versus Fannie Mae or any other seller.

For example, what is the proper waterproofing technique at the window sill over stone for your climate?

I would like to hear from other investors in the Houston area about strategies and outlook for 2015 in this climate of of dropping oil prices.  

That is exactly what the 2% thing ignores, the overall investment climate, and likely why it is not even an official investment rule the first place.

@ George P.What works for your climate and what works for mine will of course differ.

They will have to partner up with others for economies to scale.And yes, I have no interest in making this the longest thread on BP and it would be if we got into structuring entities along with compliance issues in this climate.

And by the way - it wasn't Gore who won the Nobel Prize, it was the Intergovernmental Panel on Climate Change that won it and they shared it with Gore for his "work" of showing up in their documentary and doing paid public appearances reading and regurgitating their beliefs.