Best to get your info direct from the source - the IRS has several publications that cover this topic, and you can find those at this next link:http://www.irs.gov/taxtopics/tc510.html

I'd probably interpret that to mean that a broker CANNOT legally create a full purchase-and-sale agreement without violating that ruling (just my interpretation).BUT, the court also went on to say the following:"A real estate broker may readily protect himself from a charge of unlawful practice of law by inserting in the document that it is subject to the approval of the respective attorneys for the parties."

They already put the report in for the "Revenue Protection Department".According to the gas man, they have this happen and see this daily, multiple times.

Great question, I too am interested in the BP community recommendations for books on note buying, I just ordered two books yesterday on the topic on Amazon, wish I had thought to ask here first.I based my purchase on publication date being newer than 2010 and number of positive reviews, kind of a sketchy criteria I guess.I also read Invest in Debt, went and bought a financial calculator, and read it again, really interesting read.Rick

She's really interesting to hear, and will have anecdotal references and how to protect yourself from these issues.

The lease agreement is your protection as a landlord....couple that with tenant screening and due diligence and you eliminate a lot of your problems.

Protection!

Hud, you know, the agency out to protect homeowners.

If before, you will be covered by the "protecting tenants at foreclosure act".

First all criminal records except a few child victim laws are public record.