In fact, you could sell property to your brother/sister and not have to disclose.Non-arms-length transactions are generally defined in real estate as transactions being spouses or being two people in the same lineage (father/son, grandfather/granddaughter, etc).Again, perhaps short sales have different disclosure requirements that I don't know about, but in a typical transaction, what's outlined below is not anything that would need to be disclosed or put the deal at risk of not being an arms-length transaction.The biggest question I would have is the dual agency agreement between listing agent and selling agent if they're both with the same brokerage.

Jason,I hope my previous post outlined my plan.

Simply put - based on the business plan I outlined above - will having my RE license be a potential liability ?

If I may humbly piggyback on what Rich and Steve outlined.

Don't know if she still presents with him.Of the top commercial presenters, we found Scott's the most comprehensive HOWEVER, when we attended--back when he was first starting, he missed a WHOLE Important section in the manual [he ran out of time]and the manual, back then at least, was just an OUTLINE of topics in which attendees had to fill in the details...and there was no home-study, at that time--add that to how little even the most intelligent of us retain from live bootcamps, and I'd always suggest the home-study materials from any guru, rather than live [if Scott now offers it]...unless you can clarify that the oversized manual now contains all the notes of the live presentation, or an audio is now included [it wasn't when we attended] otherwise I can not recommend the live bootcamp,unless it's for the analysis software, which we still use both for buyers proposals, and investor presentations when fundraising.That said, if you're thinking of just apartments, you might look into an infinitely less expensive book:"Real Estate Recipe for Buying Apartments"[or similar]by Brian Friedman....Hope that helpsBob

Terry, if you look up the statutes; you will find that there is a period to provide a statement outlining assets and/or give notice to creditors.

In the current situation since it sounds like your lease doesn't provide for the way you would like it handled, you should get an agreement in writing signed by both tenants outlining what will happen to the security deposit.  

Also, since it sounds like you haven't saved your down payment yet, why not go through all these steps you're outlining in the meantime.I used to be a writer.

I would sit down with each of them, probably 30-45 days before end of current lease, and provide them a list of options, all based on what the current lease outlines, which might go something like this:1.

@Gerald Turner hopefully you got an estoppel certificate outlining the rents, security deposits and any verbal agreements between the landlord and tenants.