@Aaron Mazzrillo , I am lacking two certain body parts required to even walk into the surf south of the pier at Huntington Beach...

And I don't just hold others to my opinion but to regulatory compliance that is in black and white and known acceptable practices and an understanding of what happens next or the effects of what they do.So, Rob, while there is some business stuff in any business, RE included, it's really more about doing things legally, ethically and a good attitude toward people you work with.

And it only speaks of CONVERSION of units, with that there already exists regulatory actions on conversion via zoning for example.

I also got the talk about how hard it is to buy in this market right now.The second property was unusual, to say the very lease: It is a cute house - and a body shop!

Those whose interest is in not requiring licensing promote the legal theory that the wholesaler either has an “equitable” interest in the property that he’s selling or that he’s selling a purchase option or contract and not selling real property, either of which do not require licensure.The National Association of Realtors is a very large and powerful body, with a large fund for political lobbying.

Since you have been in contract on that property for over one year there is a large body of law that says that a seasoned contract to purchase real estate represents a comparable bundle of rights as the real estate itself.  

In the case of a too high delinquency, the monthly fees increase at a rate greater than the inflationary environment because the association is forced to expend money on legal fees and is unable to collect money due to the association based upon the established budget.I have never been a fan of condominium associations because even in the best situations, the governing body has a conflict of interest.

The typical home UST ranges from 250 or 500 gallons which tends to fall below the regulatory threshold.

I saw just about everything you can imagine in your worst real estate nightmares via Section 8, other than a dead body.

No body wants to see someone scammed.