Congratulations on becoming debt free and paying off your mortgage on your primary residence.Have you saved any money in an IRA or A 401K that is accessible for use in your investments?

This is going OK, but I'd rather be renting out rooms in a house I own, not rent and sublet.I will read up on the "subject to" investing.Also, I have a fair amount of equity in these houses, but can't access it in the current lending environment.

And then there's the much-needed MLS access to run lots of comps.So, here we are.

If you'd like to access the forums you can do it via the app.http://www.biggerpockets.com/appThanks for the understanding.

Depends on the authority granted by the By Laws of the corporation if they can set restrictions without a vote.

Amateur investor here. First post. I own four townhomes in a 44-unit townhome complex. Am considering purchasing another soon. I am aware of FHA issue when 10% or more of units are owned by the same entity, an LLC in ...

Is it mainly for access to the MLS?

Otherwise it can get complicated as you really are putting buyers and sellers together, facilitating sales.You need to read your state statutes very carefully word for word as to what requires a real estate license and then don't do those things if you don't have a license.You can be an employee or memebr in a LLC that buys or sells, as a principal, in other words if BAC LLC buys a property and you are a memeber of BAC LLC, you can then be entitled to profits for the work you perform in that LLC.Another way is for you to take an option to buy and then sell your option, this is placing you in a position of havine an interest in the transaction, but those you sell to may have financing issues with this, it also depends on property restrictions or title limitations as beeing seen as sales during a restriction to conveyances, again check and see how these issues are viewed locally.Generally, you can not act as a third party between a buyer and seller and simply arrange or introduce deals and be paid a fee independly as that is a function of a real estate agent/broker.Lastly, it's easy to get a bad reputation amoung Realtors if you're known as a birddog, they will likely see you as unlicensened competiton and expect them to complain and report your activities.

A few of the different items I"ve identified so far are their accessibility, what marketing costs to expect, what the profit split is vs. the cost of the mentoring, the mentoring contract itself, experences of past mentees, and whether the mentor has experience in my local market.

In my research of county owned Tax Liens, I've found a couple that are for the common area of a sub-division (lake and park), and a townhouse community (street and parking lot).If I purchased the lien, and then ended up the the deed, could I say block access for the residents if they didn't pay me for my time, expense and some profit?