Realtor then goes into contract with buyer subject too the property closing and divulges he license status to the buyer. 

It's another issue here too, the seller knows the price is not worth what he has it at, otherwise he would take a buyer that requires financing.

Tons of great Bay Area investors on the site, and some great meetups too.

I would not give the deposit too the seller, I would give it to the title company. 

I do too ...The point is, the numbers work, or they don't.  

Another aspect investors need to be aware of......anticipating again, is when an owner has a buyer and folks call us to put a deal together, if you're not a Realtor you can be on thin ice as you have no interest directly in the transaction, there are other issues too, the unauthorized practice of law is a favorite for prosecutors.

@Sam Hodgett  I remember that too! 

Hey - its Mike here, just a quick reminder for you all you MA, RI and NHers.www.houseflippingschool.com/meetup.We will be holding our second House Flipping School MeetUp this Thursday at 6:30 PM at the Plymouth Radisson in Plymouth MA.At our first House Flipping School MeetUp, we had over 60 people - but this time we are in a smaller room...called the Mayflower Room,so space is LIMITED.So make sure you grab your spot ASAP.And this month's topic is a SUPER popular one, presented by some guy named LaCava.....titled:3 Little Known Ways to Flip Houses with No Money of Your OwnYou'll learn:How I structure ALL of my house flips (and my buy and holds too) with no money of my own and how you can do it too...The details on 3 house flip

There is actually one that meets right in Taunton, they have a 2nd meeting in Rockland too.

Yeah, I noticed that was strange, too.