The changes are all designed to protect the consumer, the buyer and the seller in each real estate transaction.And while everyone generally agrees that consumer protection is crucial, some of the changes may prove to be challenging, both to real estate professionals and to the consumers they serve.Before getting into the specifics, here are two basic reasons the new RESPA requirements may become challenging: 1) the need for more specific consumer disclosures, and 2) the need for those disclosures to be presented to the consumer in final form 3 days prior to closing.Conceptually, specific disclosures, as well as strict timelines for completion by professionals and presentation to consumers, both sound like excellent ideas.

After living for 50 yrs I finally feel like I have a real estate investment company.  

Finally the payoff amount is received with the help of all your inputs and civil code etc.

Before finalizing, visit the and try the investment calculations and deal analysis forums locate under the Analyze tab.

@Chris Simmons  thanks for that extensive explanation and your final ruling on the value of LLC's . 

I sent a final rent payment to the apartments after she had passed away.Others have given you lots of good feedback. 

Glad to finally be a part of BP!

One final note I am looking to move into this house personally at least for a year before looking to turn it into a rental. 

After 4 years on the market we finally claimed chap7 (included both properties) because it seemed the condo would NEVER sell & the new house was already underwater.

I am looking forward to finally using my learned knowledge and turn it into a passive business model.