Although they did request LLC documentation & the addendum to the Op Agreement regarding the decision to buy said property from the initial buyer along with the sales contract (we avoided a double closing or an assignment per se).What was interesting is that I think they were looking for a transfer of ownership @ the same price as what it was originally purchased for by the initial buyer.

Some may only want post 1978 to avoid lead paint issues.

. :-)IMHO, you want to avoid anything that has an HOA.

:Realtors sometimes are considered "professionals" and can get sued Typically, if you want to avoid getting sued, just avoid doing anything illegal or unethical.

Can you work in RE with bad credit, yes, but it is more difficult and it will limit your opportunities in many aspects of trying to do business.Are you good with people, can you approach a college professor and speak to him and gain his trust in what you are saying or do you have difficulties and only work orcommunicate well with just certain people, then do those certain peopleneed a property or own property to sell?

RE Brokers will avoid you like the plague

Map out the trip first, not just one aspect of RE but think of all aspects you minght get invoved in.

Maybe a condo or townhome to avoid some of the maintenance issues.

I'd much rather be conservative and avoid potential (and costly) pitfalls down the road.While the rule seems to be plain, I'd like to know how it's actually implemented in real life.

If you're managing yourself, you're avoiding the cost of the PM, about 14% of gross scheduled rents.