As a wholesaler, they are not an “owner of real estate” per se under the licensing statute, but they do own an interest in real estate by way of the purchase agreement which the wholesaler offers for sale or assignment.If we read the licensing rule in conjunction with the definition of “real estate broker” under Michigan’s occupational code, we find a very broad definition capturing any individual or entity that:…who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.One frequent and notable misconception is that if a person only conducts the sale of real estate on their own behalf, as most wholesalers do, they are exempt from licensing.

Title searches conducted during that time would have shown even less than those recording dates would suggest.

He admits to incorrectly timing the rehab completion and had the appraisal conducted before the AC was installed and fully tenanted.

Also conduct an eviction search to make sure she was never even named in an unlawful detainer action (I don't allow any prior evictions, ever). 

Have NOT had a mortgage or any debt since.One of my wife's colleagues at the time intimated that his REI was making him more money than his medical practice & our veterinarian spends more time talking to me about his REI than conducting the dogs medical.

KC and Birmingham AL certainly do seem appealing, and I will conduct more research to shoot for my first purchase in mid-2020 or late-2020.I will do my best to take educated and calculated risks, but not stuck in the analysis paralysis.Again, thank y'all for your support!

I normally tell people to budge another 2-3% for closing costs on the permanent loan, but depending on how good of a shopper you are, you might be able to reduce those.   

There are also DSCR / Commercial lenders who only conduct a soft pull.

I am curious how you conducted research on all liens associated with the property.

This is unconscionable conduct!