I'm nearing the end of real estate school and will be taking my state exam in mid-July. 

Again, others might feel differently here.3) property level due diligence: (takes seconds to weeks per deal): here is where I drill in with the low-level details.a) pro forma popping: I examine all the assumptions, and see if they are overoptimistic or not.

There are 39 distinct markets on the "South Side"  You should examine each of them.

Also mistakes can be made when searching and examining title, that's why one should be getting a title policy whenever receiving an interest in real property.  

It's not exactly how I would have explained it (grin), but his example gets the point across quite well.Escrow protects all the parties involved.One additional aspect is the escrow company (in real estate deals) is quite often also a title insurance company (or affiliated with a title insurance company) and they will be conducting title examinations on the property and ultimately issuing title insurance when the deal is completed.

Again, the statute of limitations for financial fraud begins upon the discovery of fraud, not when you did the deed.Now, how do you think financial examiners catch loan officers who act fraudulently?

In rereading the posts even though it strikes a nerve with me as a owner I would have to say it is no different then inexperienced under funded wholesalers trying to do a deal versus an experienced well funded one.

I would examine why that is but don't think investing in real estate is the answer.

Of course, it should be noted that I’m not implying that it is healthy to remove every luxury from our lives, rather I just think it can be very eye opening when even a normal, middle class family closely examines what they spend each year on luxuries in comparison to the capital required for a real estate deal and for the vast majority of middle class families, their vehicles make up a significant chunk of excessive luxury that can be down sized – unfortunately, we often exaggerate those luxuries as necessities.

The CFPB has claimed authority for the enforcement of SCRA and has pushed the OCC to do the same with depository institutions which they have stated they are now doing with every examination visit “because of the significant risk (editor’s note: fines and penalties) associated with an institution’s failure to comply.”