Not only does the high cost of compliance affect the borrowers’ pocket book, but also affects borrowers’ ability to even qualify for a loan.

There is really no difference other than the ability to handle the problem in person or not (worst case you hop on a plane, but there is nothing I can think of that could happen that would even warrant that).

I suggest too that you get active in the forums sharing that knowledge, nothing demonstrates the ability to communicate good advice like quality posts!

Either way, when the case is over so is his ability to lien your property for anything other than what the judge awards him in the suit, if anything.If you can't agree on something, then that's what the courts are actually there for...let the judge decide.

But this also gives you the ability to ask yourself, Am I comfortable with returns on the low side of that range if expenses are higher, or rents a bit lower, than I thought originally?

Being a landlord requires substantial cash reserves and the ability to deal with the unexpected.

Bill GulleyDo these laws affect my ability to loan to another investor that would rent it out?

An attitude like that does tend to limit ones income generation ability because like it or not, employers are looking for conformity when hiring someone to represent their company.

That may mean 5 years or 5 months, that is up to you and your drive, but honestly given that you look at real estate trends across the country at 18, I would say you have the ability in you to be successful quickly.

I'm in contact with the realtor and am waiting to hear fromt he broker for more information, but I don't have the ability to have eyes on the property for my own assessment.