In my company's D13-0168 proceedings, both the brokers and brokerage were cited (lost licenses) and the brokerage closed.

It is unlawful for a person, in connection with the application for or procurement of a loan secured by real estate to: (1) Employ a device, scheme, or artifice to defraud; (2) Make an untrue statement of a material fact or to omit to state a material fact necessary in order to make the statement made, in the light of the circumstances under which it is made, not misleading; (3) Receive any portion of the purchase, sale, or loan proceeds, or any other consideration paid or generated in connection with a real estate closing that such person knew involved a violation of this section; or (4) Influence, through extortion or bribery, the development, reporting, result, or review of a real estate appraisal, except that this subsection does not prohibit a mortgage lender, mortgage broker, mortgage banker, real estate licensee, or other person from asking the appraiser to do one or more of the following: (a) Consider additional property information; (b) Provide further detail, substantiation, or explanation for the appraiser's value conclusion; or (c) Correct errors in the appraisal report in compliance with the Uniform Standards of Professional Appraisal Practice.2.

Alright done bashing on Cleveland now.

The Cities on this list, released by RealtyTrac, are in States where the average short sale closes within 1 year from the time that a bank launches foreclosure proceedings.

Clarify exactly HOW the nursing home is entitled to the proceeds.

Negligence or wrongful conduct can pierce the corporate veil, so even if you own this property in an LLC or corporation, if a judge or jury determines that you were negligent by ensuring that an illegal conversion was not brought up to code, you could personally be on the hook, and all your personal assets could be put at risk.For me, I'm not willing to put my entire net worth at risk just to avoid a few inspections and some contractor cost.I'm not an attorney, so that's not legal advice...I would recommend you talk to an attorney before proceeding in the direction Rich suggested...

Achieve your short-term goals that will produce proceeds and resources that will,2.

My current goal is to house hack, should I start shopping now even though I won't be able to proceed further until I have financing?

Account ClosedBirddogging and wholesaling are a little bit different.Wholesaling is where you get a property under contract, and then sell it to someone else (SUPER BASIC version)Birddogging is where you have an agreement with an investor (contract) that you will seek out and vet deals for him, and if he buys a property you present to him, you get a fee.Wholesalers generally make more money on their deals because they are the conduit between the buyer and the seller.Birddoggers will make a fee ($500-$1000 for example) and will generally not be awarded a share of the proceeds from the deal.Birddogging (from a real estate perspective) isn't illegal, but if you do a bad job you could end up frustrating the seller and your client.Remember that as a Birddogger, you are NOT an agent of the buyer or seller.  

Hi April, You must reinvest 100% of your net proceeds in order to defer the payment of all of your income taxes.