Every single aspect of your life is going to be taxed - your utility rates; everything you buy that is made using electricity or oil; everything you buy that is transported via truck, ship, or rail.

Another good book that looks at psychology and can really be applied to any aspect of life is "The Secret".

How HUD will treat the difference is up in the air and someone will probably be going to court to set the rules on this aspect of origination of a lease/option arrangement.

I personally will be waiting until after I've got a deal or two under my belt in order to fund the legal and accounting aspect of what I'm doing.

This happens when you get caught up in 'buying mode' and tend to focus on that aspect and let the other responsibilities fall by the wayside.

You've come to a great place to connect with people involved in all aspects of real estate.

I have done just about every aspect of real estate throughout the last 6 years.

Maybe spend a year educating yourself on all the avenues, you might find yourself in a completely different aspect of real estate then you thought you would be in.Steven

I'll ignore the sis-in-law aspect, but under the "other relevant issues involved" I'd only add that buyer/seller's remorse is inevitable.

The business aspect that covers short-term merchandising such as flipping, wholesaling, rehab to retailing, and hard money lending.