I spent 5 years in the Marines so I've literally endured white glove room inspections (and conducted them), these walk through inspections aren't that!

Under what circumsatnces and how is the transaction to be conducted?

Provide yourself a short time period to conduct your inspections but beyond that the deposit is there to provide assurance.

You do realize the buyer's lender will order the appraisal per the new HVCC (home valuation code of conduct) rules?

Hi, yes Chuck, you need to do some thinking about how you want to conduct your business.

You will also need funds to conduct the actual closing...

And the few landlords will also take notice and you will be able to potentially wholesale some deals to them possibly without even having to do the fixup first.In those samller towns you are actually creating your demand by the way you conduct yourself.

Let's say you conduct 50k in rehab, get the property reappraised, do a refi and now pull money out of the property.

If you intend to act as an investor and you're asking if you should have a license I'd say you don't need a license depending on what or how you conduct your business.

OTH, I know that there are well run projects, with strong laws in place directing conduct of boards and leagl issues that we in the mid-west may not have.