Quote from @Bruce Woodruff: You're right, it is the law.

Most years a few new laws are being passed.  

I was wondering if there are any programs that any of you recommend to becoming a better real estate agent, especially with studying and learning the laws and regulations for the test.

Assuming they were professionally prepared and compliant with state law, these should define your default interest terms – probably in your note.

This is a highly specialized area of law.  

Being kind to your in-laws can go a long way in many areas.  

I'm David Turner from California, passionate about real estate investing since the 1990s.Outside of real estate, I'm a litigation partner in a law firm, and I enjoy commodities futures trading.Excited to learn and connect with you all!

I invest with my brother in law, Jeff Harding.

Sure there is a very small chance that something will go wrong, but with the tightening rental laws spending a little on a proper lease is smart.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.