Many see it as a gray area, some are completely against it and others don't give a rip.  

The homes that fly off the shelf here for 10-15% more than expected have weathered gray floors, white quartz counters with a big gray vein, very light gray walls....or similar look.

If he haven't received the consideration for the deed and  most likely the deed did not get recorded today it cold be a legal gray area. 

I just visited a Learning Annex Expo and Wayne Gray was selling his program for investing in Tax Lien and Tax Deed Certificates.

I have spoken with my CPA but it seems a little "gray" at best.I certainly don't want to break any tax law....just trying to set up a structure that could help shelter some gains.  

Joel Gerber is great, so is Elizabeth Thompson.

I was lucky to find a really talented and thorough broker (Jennifer Thompson, 303-903-0716, loan officer in CO).

One gray area I came across was denying people based on credit.

I plan on white shaker cabinets with medium gray laminate counters, and the same flooring throughout, with matching lighting, door and cabinet hardware, and bath fixtures.

I've seen people use marketing fees to try to get around this and I have not heard of any problems with that, but it is still on a very dark gray vector especially if you are getting any payment in result of performance and not just for consistent effort (like per call, or per house that you market to even if it doesn't close or result in a purchase).Have you considered getting a RE license?