They are too busy whitening their teeth and brushing their hair to get dirty

I get that a person may not like hearing that cold dose of reality, I hear it often of those at MNREIA who say "please check out this deal" with giant grins only to turn sour and defensive when I inform them their 189K acquisition with a cap of 4.15% and negative cash flow after properly appropriating funds it's toxic waste and I would rather have a bank bond than that bomb ticking away in my portfolio.

Licensing & Bonding is like all insurance.

its a nuisance but I am fully compliant now. the major issue is you need a bond and you need insurance to get the license. 

If you don’t have a primary residence and find one you’d be comfortable staying in for 5+ years certainly 40k would be enough for a down payment and over than period of time would probably make more sense than renting otherwise I’d rent and just put that 40k in an index or bond, pretty hard for most r/e to beat that at least in the short term. 

After learning about stocks, bonds, mutual funds and real estate.

The grounds and neutrals must be isolated & the neutral should NOT be bonded to the sub-panel.

Here is another thread to sink your teeth into:- http://www.biggerpockets.com/forums/93/topics/1847...Cheers...

After reading and learning about stocks, bonds, mutual funds and real estate, it became very apparent the easiest way to do this was to buy property that someone else pays off for you.

No main grounding through a rod is present with the age of this system (meter jumper cut is a potential hazard), neutrals/grounds bonded in 1 subpanel is no longer approved.