Just because you may be exempt doesn't mean it's the Wild West and you can do anything you like, your activities will still be viewed as to what is deemed prudent and what is prudent is compliance with the laws as they may be applicable.For example, there is no reason that an individual note holder can not comply in giving notices required within the time frames such are required, it's not an impossibility to comply with that aspect and you won't be able say "kings X, the law doesn't apply to me" in every aspect.  

MLS can pretty much say whatever it wants, and depending on where you're getting your data, the completeness can vary wildly.  

If you are not that expierenced at inpsecting houses it may be worth wild to spend $400 to get things check out.There could be bad wiring, plumbing that is not vented correctly, mold, water damage, foundation issues or other things that you may have not noticed.

@James Ritter in my opinion NYC real estate can be like the wild west.  

Been a wild ride this year but I have never had a business kick off profits so fast as this business.

Most busy investor friendly contractors at this time don't want to waste time bidding houses that you don't own, or working with someone that doesn't have a clear plan, they just don't have time for it and will charge you a lot in order to make it worth their wild. 

I understand this is a very wild eyed way of doing things but my credit is trashed (rebuilding as we speak/ cash only!)

It varies wildly by how mature the contractor crew's business is.We've also had contractors steal materials, take draws and walk away, use our draw to pay for someone other project, or provide such poor quality work that we had to pay another crew to tear it out and start over.It's not all gloom and doom.

I've had 4 banks appraise each of them and values were wild. from 380k up to 680k even among the same appraisers.

The offers vary wildly but many of them are a mixture of cash plus second lien equity financing at 0% interest + a 7-10 year balloon.