Born and raised in Northeastern PA, this condition has prevented me from staying with any single employer for very long, and has led me to believe that the only way to get to where I want to go, or at least the most practical way, is involved with real estate investing.

Traditional business practice guidelines are often founded on hard earned experience.You are exactly right, it appears that some people are extremely slow learners.

I don't see any other way to legally collect a fee on it.

Well as for myself I would say a good month or two of straight practice and I can go Pro.

Mike,Unless your tenant has a VERY GOOD JOB, you'll never collect a penny of the damage.

I plan to hold into the property for long term...at least 5 years maybe even longer...every $ hurts out of pocket :) lol, however I guess, the extra money will not strap me for cash but thereotically I will be able to acquire less propeprties with my available funds, theroicatically in the operative word, becuase practically I will need at least 3 to 4 month between each acquistion to do it right (find a deal, close , fix it a bit and rent it out)..

I know it’s something to consider but posting that these RE practices are usually fraud, or raise red flags and could lead to prison time is definitely not necessarily 100% true, whether coming from you or your attorney.

Even #2 might be called a net listing in practice if not in form.

There are very few disallowed investments -- collectibles, coins, life insurance.

Some practices vary by state.Was this a judicial action or a trustee action?