i dont want any unexpected paper work or LAWS to pop up and affect my deal due to lack of guidence..

I assume - but please correct me if I'm wrong - that after the contract is accepted, prospective buyer can lawfully ask to provide the payment history, copy of lease and recent Schedule E for buyer's DD and verification.

Also, they should allow you another unit, as most areas of the country now have a policy of allowing in law quarters, but they have different policies regarding them.

Our industry is a bit broken in that the real estate licensing schools only teach what you need to know about the laws and ethics, but nothing with regards to helping clients solve their real estate problems.

Income was usually direct deposited into my acct and a monthly summary mailed to me detailing monthly payment less any expenses/repairs/fees.Repairs without my consent were capped at around $250, however, towards the end I took over the "management/maintenance" aspect due to negligence while the MC continue to provide bookkeeping.I expect MC's to know the laws and legal rights of both tenant & landlord.

Once again my father-in-law's words: "Your sawzall will become your favorite tool" rang true.

My first advice is to follow the eviction law in your city.

Does anyone know the laws for wholesaling in New Jersey?

We openly talk about this at home between brothers, sisters and the in-laws.

This is in Michigan, do I need to be concerned with state laws?