@Peter ThirawankanokThe IL Legislature has defined recently amended the real estate act of 2000 so as to define wholesaling as broker conduct (this conduct was previously undefined and thus there is safe harbor for prior acts).

This is "Murphy's Law" as defined. 

I've done some family investing and we didn't go to an attorney for the paperwork BUT we had everything in writing and clearly defined responsibilities. 

It’s actually quite repetitive in that it relies a lot on the definitions of related concepts or just the terminology to define the concept that should be being explained.

I have it narrowed down, but I'm still trying to define my niche and begin the process of mastering it.

It’s a great place to invest if you have your goals clearly defined!

So what any investor should do is define their goals (many do this) and then define your risk tolerance (very few do this) then deploy your capital into markets and assets that fit your risk tolerance.

Yield might be a distant 3rd place because they already have lots of income.I often see people come on here and ask broad questions and really without knowing a persons specific situation it's hard to define a more clear path of options for investment.

I am looking forward to getting my niche more defined and getting started.

Some states have defined wholesaling as brokering and have passed new laws requiring license if you do more than a certain number of transactions a year.