The business model to develop Community Association Manager (CAM) licensing legislation (and other HOA legislation): 1) legislators consult with the Community Association Institute (CAI)) to craft a Bill aimed at mitigating abusive practices of property managers who are the very folks the CAI represents 2) CAI lobbyist and their CAI “dependable” legislators become Bill sponsors 3) the Bill is assigned to Committees with CAI “dependable” legislators 4) the Bill becomes law with little to no home owner input, full of promoting CAI interests, and heavy on fees and costs and processes imposed on CAMs and 5) the Department of Regulatory Agencies (DORA) implements licensing rules highly reflective of CAI efforts but fail to even contain explicit language for CAMs to obey State law or an HOAs governing laws or for CAMs to report observed violation of the law thus ensuring oversight is empty from the home owner’s perspective.

Ill second what Shaun said, though it really depends on the lending institution.

If our times cross, I would love to participate.

You can go see for yourself on the county court website just how little is actualy sold to third parties...those sold are mostly sold back to the lender.My last issue is that online auctions, because they make it easy for many investors to participate, it tends to drive prices up--not good.  

In my original post I simply asked if my home state of SC had any state specific exemptions in so far as the Safe Act was concerned...and it turns out they do.I finally got an answer directly from the staff attorney at the SC Board of Financial Institutions...

I have a contact there and may be interested in participating if the numbers are right.

What bank or institution?

Everybody that needs a Participation Trophy for their self esteem please raise your hands.

To make your passive income "earned" you will need to qualify as a real estate professional and demonstrate material participation in the passive activity.

Wondered if any BP members participated in any local investor meet up or REI groups in Norfolk Va or even VA Beach