I am currently building a team in a new city (Milwaukee) other than where I have invested in so far (Grand Rapids).

And once the forbidden door to the forbidden room is open, it's not my problem if they're surprised by what they find in there.

The difference is that there's a professional salesperson (real estate agent) hosting the appraisal who in no small part justifies real estate values for a living (to clients, to appraisers, etc etc), versus a consumer on a refi just opening the door and saying "yup come on in, I'll be in the other room if you need me."

I do think there is some room for interpretation on what can be a "service" and the most conservative approach is indeed to advise clients not to manage properties owned by their IRA or 401k.

The house had junk piled up about waist high in every room of the house.

A Nanny suite is a part of the house that would have a sitting room perhaps and bedroom with bath.

There wasn't a ton of wiggle room in the negotiations due to it being a foreclosure and in a high demand market.

There wasn't a ton of wiggle room in the negotiations due to it being a foreclosure and in a high demand market.

If you are a lawyer, they also allow you to take the exam without the 40 hour training since we have to learn property law in our courses and for the bar exam.My former employer would have weekends where he would make money off of the sales from his agents and then do two or three closings at a grand a pop twice a month.He also owned the title company.Very lucrative in Illinois.

Or yet another option - pick up two of those 4 bed 4 bath apts and generate $400/room to students.