Any person who violates this paragraph commits a felony of the third degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, as provided in s. 775.083.Florida Real Estate License Law requires that an individual who, for another, in Florida , for Compensation* or valuable consideration will need a real estate license if they perform any of the following when dealing with real property: AppraisesAuctionsSellsExchangesRentsNegotiates a saleAdvertises or represents as an individual involved in the real estate business, through either oral or written representationProcures sellers, purchasers, lessors, business enterprises or business opportunitiesCloses any transaction which results in or is calculated to result in a sale or exchange and who expects to receive ANY compensation or valuable considerationReal property or real estate means any interest or estate in land, or enterprise or business opportunity, including any assignment, leasehold, sub-leasehold or mineral rights.

I believe we bought the property under market value, and with steady rent increases should be able to do a cash-out refi in a few years to pull out most or all of our initial cash outlay.Negatives/challenges/lessons: Unfortunately, the seller ordered the wrong city inspection prior to closing, and the attorneys, brokers, and title company did not catch the mistake.

Either you're buying subject to, in which case you make all the remaining payments on the loan you're taking over at the existing loan terms, or you're buying with a "wrap" or all-inclusive trust deed with new terms. 

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If 10 people ar successful out of 10,000 who went through the program, parading and quoting those 10 is very misleading.Secondly, some, or all of those successful people may have been successful because of other reasons, i.e. not because of going through the program.  

Can an oral agreement be enforced under the Statute of Frauds? 

.), and then when the potential tenants called in, I would speak to them for a few minutes, explain the requirements, get some sort of verbal confirmation on some or all of the requirements, and then invite them to different showing times I had set up.

Installment Sale Treatment (Seller Carry Back Financing)The Seller would recognize depreciation recapture in the year of sale and defer some or all of the capital gain over the term of the seller carry back note. 

These costs eat up the profit margin for the lender when they have to sell the property, so, as @Danté Belmonte pointed out, these deals are often not worth the time spent or the risk involved from the lender's point of view.Here are some additional places that you can look to find lenders that may be able to help assist you (forgive me if you've already tried some or all of these);- The ‘Network’ tab on BiggerPockets has a hard money lenders tab, and you can search by state.- Local meetups- Speaking with local realtors- Speaking with title companiesAdditionally, speaking with investors who focus on lower-value properties can be helpful.

An oral contract for the sale of real estate?