As mentors, we all like to warn the newer folks of the "Seminar Trap".

It should be in Section L. (700)

For those of you that own in Section 8 type communities- has anyone been successful in converting tenants to this subsidy program?

Usually buyers (including my clients) get excited about buying something.I tell them it is best to be prudent and wait for the right deal than to buy into marginal or loser deals where their money is now trapped into a bad investment.Take away the urge to just throw money into something and put it to the work and instead invest wisely and be patient.

Overestimating value is one of the most common mistakes real estate investors make and you are in danger of falling into that trap.

Drain assembly leaking and I could see through the access area that there was an old style barrel trap instead of a P trap.

Trap all loose animals and turn into the humane society or animal control officers.

Specifically: "For purposes of this section, the term “federally-related mortgage loan” has the same meaning as in section 3 of the Real Estate Settlement Procedures Act of 1974 (12 U.S.C. 2602)."

Well, the kids sure liked it... and there's the rusted through trap with an overflowing bucket under it.

So, a J.O.B. can be a trap but that is not a requirement.