Tony, I have read the new lease option laws, and there are possible loopholes.

Does anyone know what the laws are?

What is helpful about getting a license are the classes -- they teach you basics and the law.

Think about a 1031 exchange.A 1031 Exchange is a transaction under United States law which specifies that if an asset (usually some form of real estate such as land or a building) is sold and the proceeds of the sale are then reinvested in an asset of a similar kind (like kind asset), then no capital gain or loss is recognized, allowing the deferment of capital gains taxes that would otherwise have been due on the first sale.

I always told my in-laws that I did remodeling and we had some property on the side.

I've decided to start attending the local Real Estate Investing club to build my network and talk with a Real Estate lawyer to learn the laws of wholesaling in my area.

I keep hearing that the DOSC is a "law" in some states, but Im not sure if I believe it 100%.

Unfortunately there are some lenders doing cash backs, tyically seen with new home builders for which many states are changing their laws to include builders in their boards enabling the general public to sue when they do something corrupt.

In some cases State laws dictate these conditions.

---------------------------And that is the LAW