A quick cheat-sheet:RESPA (Real Estate Settlement Procedures Act) Only affects loans secured by 1-4 family residences, BUT you have to know the purpose.1-4 family residence loan for consumer purposes - covered by RESPA1-4 family residence loan for non-consumer purposes - not coveredTILA (Truth in Lending Act) (the good-old APR)Again you HAVE to know the purpose.

Never give them the keys until they give you the first months rent and security deposit in CASH or cashiers check.2.

In this case, you’re likely pooling money and forming a security.You really ought to talk to a securities attorney about the proper approach.Jeff

But if I can secure a house (contract) for 2-3 months i would be interested in finding a buyer just like a realtor but without paying remax and the brokerage, that's 100% of the (commission)/buyer willing to pay x amount more than contract amount. .

Assuming he agrees do we just mutually sign a termination agreement, and I deduct damages from his security deposits and that's it?

A savings account that I use to hold security deposits (those aren't income) and a checking account for everything else.

If they cause damage intentionally or due to negligence, you can deduct the cost from their security deposit at move-out.

The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).

Funds are paid, representations and agreements are signed and the note is assigned with an endorsement and filed.Usually a buyer will ask for a package of documents, I'd want to see;Copy of the note and deed of trust, Commercial deal, a copy of the settlement for the transactionA list of inventory collateralized and copies of the UCC filingsA copy of the first lien as filed with terms and payment requiredPayment history of the note, with verification of receipt/depositsCopies of any loan modifications or extensionsAppraisal on the property at sale on RE and equipment if anyA letter simply desiring the intent to sell with a description of the note with the book and page county as filed.

I know I am a little late to the discussion but this is what I have my "Property Locators" looking for: FSBO signs For Rent Signs Overgrown yards Overfilled mailboxes/excessive amount of newspapers/packages Notices on front door Blue tarps on house Boarded up windows Garage sale signs/Estate sale signs Abandoned cars No curtains or blinds Inside looks emptyHope that helps @Burt L.