The "lingo" is different, what the investor may call wholesaling the Realtor may call it a net listing, so investors need to know the lingo used on both sides of the table.Investors as a group have no rules or regulations or ethical requirements (besides acting lawfully) but Realtors are restricted by ethical codes, rules of a broker and regulatory matters at the state level.

These are professionals with additional training and a stricter code of ethics.

Now, some liabilities are minor (not mowing the lawn if you provide the service) while others are substantial (such as having bedroom without a second method of egress).As Joe indicated, the list is diverse and long, but it boils down to you are obligated to provide a safe abode (clean, healthy, and in good repair) to your tenants and to conduct your business affairs {hopefully} ethically and within the spirit and letter of the law.  

I would love to hear peoples opinions and $.02 about approaching a homeowner about a L/O deal.I've done some work in the past with the seller so she knows my work ethic and that I'm responsible.

issue is you have folks that are not licensed and are just running around with no supervision or ethics to follow and this is what you get rude crude behavior and extreme profiteering if they can get away with it. 

I do not like realtors in general (some are great) and am a very strong negotiator and very ethical but I love doing many things at once and am entrepreneurial.

I loved the podcast on ethical landlords and just the whole vibe of community here on BP in terms of how you can succeed and also not be a jerk.

Is there a way to create an interest and foreclose outside of the tax liens (ethically)?

Basically, a CPA license is supposed to indicate a competent and ethical professional.

Not much fun, but I was great at connecting with others, being ethical, and true to my word.