ScottIf you find yourself in litigation, you would not "associate" yourself with NAR to accept their $50,000 provided to each agent to successfully defend themselves against any and all consumers?

Get all your facts and dates together and contact your local newspaper or TV station consumer protection watchdog.

At some point consumers need to just rise up and state they will no longer be treated in this manner and move on to a company that will treat them right.

I have found that the one higher end property I have consumes more of my time fixing things like dishwashers, ceiling fans, ice makers, etc.

These are the best books that I've found for beginners for fix-and-flip and wholesaling:------------------------------------------------"FLIP: How to Find, Fix, and Sell Houses for Profit"Rick Villani and Clay DavisISBN-10: 0-07-148610-0ISBN-13: 978-0-07-148610-1"Getting Started in Real Estate Day Trading"Larry GoinsISBN-13: 987-0-470-41862-8 (cloth)------------------------------------------------As for earnest money deposit, it's not legally required for a valid binding contract (EMD is a deposit not consideration), unless the parties specifically agree in the contract that EMD is required or there is an unusual situation like California pre-foreclosure of an owner occupied home (in that situation CA law requires a nominal cash EMD of about $100 if I recall correctly), and some other states have some inane consumer protection laws regarding pre-foreclosure of owner occupied homes.Having said all that, if you are buying from a For Sale By Owner (FSBO), then I suggest using a 0% interest promissory note for the EMD, that is redeemed upon completion of the inspection period or upon contract assignment, whichever occurs first.

This puts your loan outside of residential consumer protection which is why Foreign National Loans are a bit niche.

Just a thought - it may be too time consuming.

It is far more time consuming, but can be done.

What if they have two car payments, and credit card amd other consumer debt?

After Ifinished typing my post above the other night, I found myself logically going toward option 2 more, since it seemed cleanest, and it allowed for a complete separation of the assets consumed by each tenant, in order to track the depreciation independently of one another.At this point, I know I can make the final depreciation amountscome out the way I want them to, however what I was confused about is, what is the most acceptable practice in the industry for achieving that?