I noticed that you don't have any info about yourself here or on your profile.

Public non-profit companies are exempt from the law as well (but not private foundations).The licensing and registration under this code section is the CA Attorney General's office - not an entity that takes violations lightly.Also, if you read the Foreclosure Consultant law mentioned by Quinn closely you will notice that it requires a bond equal to 2 times the value of the borrower's home.

You should never go to bed at night, if you do not have your "TO DO" list made out for the day ahead which will help you accomplish your goals.

Better yet, combine the wealth of information here with information you will get (free) from successful investors (friends) at your local REIA and you'll be 10 times farther ahead and you'll still have the money in your pocket.By the way, I am friends with many multi-millionaires and don't know a single one that owes their success to paid mentoring.

Look at what its going to cost you to get rid of this place when you graduate.Do realize that if you bump your credit card from $1K to $5K (if the bank will actually do that), the morgage lender will notice, and may back out at the last minute.

Until property values and the long term, inflation driven trend line match up.Have a look at this graph of MO farm land prices: http://agebb.missouri.edu/mgt/landsurv/07landgraph.htm Notice from the peak in 1981 it took until 1997, 16 years, for prices to come back up to that value.

In some states, it is against the law to collect more than a couple month's rent, so you have to check into that.I automatically turn down any applicant who wants to pay a year in advance.For an existing tenant who has been a good tenant, I would take the money, put it into escrow and pay myself month by month as it came due.Tentant would still be on a month to month agreement and if I wanted him out, I'd give 30 day notice and refund the balance of the rent.An exception: If I rented to college students, they sometimes pay the entire semester's rent out of their grant money.

They appear to be staying one step ahead of us.

They start getting notices from their lender that their property is going to go into foreclosure.

I don't know why, but perhaps with English being my second language, and having to try to learn it the best I can, I take particular notice and offense in this area as well.