The guy with 3 posts may be offering legitimate advice having been in your shoes- The guy with 30 years experience may be hopelessly out of date, or even inexperienced with current issues.- The 23 year old who just bought the first house-hack may teach us something game-changing.The “real deal” looks very different in many contexts: THAT is the power of BiggerPockets.

I can't speak to the licensing issues, but it sounds like overall you had a different experience than me.

I am an out of state note investor, and have a note that is held in my companies 401K Trust, where a neighbor is suing the borrower in small claims court.   

My comments are simply based on experience and common sense. 

It definitely needs updating and might have some minor structure issues. 

Mortgage reporting for tax purposes: make sure the owner understands that you will report the payments and that they need to issue a 1098

She refuses to do so, bc he has legal issues and want qualify and meet the lease requirements.

What is common in your area for LTR fixed amount or percentage of first month rent?

They had issues performing because they didn't underwrite expenses correctly and as a result they ended up carrying alot of debt and losses.

In fact, I paid for 25 photos but was actually able to upload 48 without issue, which is a feature that costs $300 when purchase straight thru said broker... meaning I saved $150 in some ways, as the extra photos was the only feature I would've paid more for.It's a PITA to fill out all the info & disclosures required for the MLS... however, I'd assume that I'd be filling out most of that info with a realtor anyway.