Where I live (Maine) and LLC cannot represent themselves in court for an eviction.

My wife just this week represented a buyer who bought a short sale with a HML, and the hard money lender took 2 days to fund!

And when representing the landlord, I've gotten tenants out with an eviction who were claiming equitable interest.While they do come into play and you should review with a lawyer, it's too early to tell how the newer, federal legislation mentioned above will have an affect.

If the agent is representing the sellers (that's what a "listing agent" does), then it's unlikely you're going to be able to find any great deals, as the agent will legally have a fiduciary responsibility to the seller being represented and will not be allowed to help you negotiate a price that is below "market value" (where "market value" is what the agent could get by listing it and marketing it publicly).

(What portion of my net worth do the investable funds represent?)

I would want to put up most of the risk on this if we go through with it.Oh, represent Staten Island!

Since he is a business, you might have to go to regular court where he will have to pay for a lawyer and you can represent yourself.

For example, I'm an investor first-and-foremost, but a lot of investors who I know ask me to list and represent them on the buy-side because they know I have the investing expertise.

So, we give up our commission in order to attract short sale deals.And then the extra money we make by representing investor friends of ours covers our license costs (my wife, my project manager and I are all licensed now) and any other marketing that we do (like sending cookies and gifts to all the agents we work with a couple times per year).In the end, we're using all our "extra" money coming from being licensed to cover all our marketing costs and extra costs associated with getting deals, so our rehab profits don't need to be used for this purpose.

Except that a recent poll by the National Educators Association (which represents about 3 million teachers) found that only about 20% of teachers are in favor of this.