Might just get licensed since it doesn't cost an arm and leg and it will protect me. 

Having said that, I think as a second set of eyes on a deal and having a realtor or a fellow investor take a look at it especially if they have expertise Ina particular area would add value to making sure the deal is solid.Feel free to provide additional comments.

They help screen potential renters for you, which is very important because there are professional squatters out there and the laws protect them over you.

The investors are the ones that do not belong.HOAs protect the rights of home owners, not landlords, and landlords should respect the HOA or not invest.

Aren't there laws protecting tenants from exactly this?

The question on the exam in question is clearly referencing this type of illegal flipping, which is still illegal.Now unethical flippers will most likely open themselves up to civil liability, which they probably have some protections against depending on what entity they use to do the flip in.

This is such a great topic for me, I am brand new to the investing world and I wish more people would chime in and provide their experience/expertise.

Investment Specialist Agent, Brokerage and/or TeamUsing an agent in the investment niche’ can have a large impact on the level of service, expertise and overall quality of investment you land.

(All I currently have is an umbrella policy for protection). 

@Tracy Royce  in this business if your doing any volume your dealing with one or two of these a year.Always tough.. although what I finanally learned is that it rarely gets better you just need to bite the bullit and follow the letter of the law.NOt sure about protected class. but I have one right now in my market that could go that way.it took me 18 months to close and it was my first suit for specific performance in 42 years in the business... phase two is to move this person out.its a city lot the house was so bad I paid over 60k in city code enforcement fines to close escrow. that's just the fines folks..