Again, as to compliance issues, understand what prudent lending practices are and what is seen or can be seen as predatory, this applies to commercial or consumer financing, just that consumer loans are heavily regulated.

Drafting my business plan has forced me to stop and take a look at myself (I haven't done this much even though I know its vital - get so consumed by life, sometimes I forget to smell the coffee so to speak). 

As it stands now, it requires six complaints to take action.

Does rent to own have any retro action?

@Brandon Turner   My biggest problem property was a RV / MH park that I foreclosed on .. when I went into the deal if was in good shape 3 years later the derelict borrower did not monitor and take care of the on site septic system and the well properly.. by the time I was lender in possession I had to deal with those things and those items are controlled at the state level and it very expensive and very time consuming..

This community is really awesome and I'm excited you are jumping in and taking action.

I'm thrilled about connecting with a like-minded community who can inspire and hold me accountable to take action on all this fantastic education I've been cramming in my head since my first wholesale class in 2007.

Thanks,@Minh LeI'm considering on biding on a property in a foreclosure action.

The state is obligated to notify each and every named interested party in writing that the sale will take place and that they need to take action if they want to stop the sale.

I have been going back and forth and hesitating on when putting up my first post but as written in The Ultimate Beginners Guide "I never worry about action, but only inaction" is a rule that I want to learn and live by.