Also, if you're actively licensed and practicing in any way, shape, or form, you're acting as a real estate agent.I had no idea of this rule and makes me want to go back and re-read the TREC Rules line by line again.

A late payment is a breach of the contract as well or failing to pay taxes on time or failure to keep insurance in force, but in all such cases the borrower cures the breach and in practice the terms are reinstated.

@Florence Oxenham, In light of a recent California Supreme Court ruling admitting an ILLEGAL immigrant to the California bar to practice law, I suspect the same will have to be true for all other state licensed professionals and immigration status should no longer be a factor... http://www.nytimes.com/2014/01/03/us/immigrant-in-us-illegally-may-practice-law-california-court-rules.html?

Is the neighborhood improving or declining?

So the property owner must make sure they are aware of & are complying with all regulations related to their vacation rental property.It sounds like your neighbor did not conduct adequate research before offering their property for rent on the short-term market or else there were other factors involved which allowed the City to shut down the practice in your neighborhood.

High in crime and reported gang activity.The property is a turn-key flip, so it's in tip-top condition, practically looking brand new.

You stated previously that you'd be charging a "commission," which would be practicing real estate without a license....a felony.

Our tenant buyers sign up for Credit Improvement with UpGradeMyCredit.com to get the mortgage.

If you can improve your offer do so.

Especially in my market (a lot room for improvement) Can I borrow some patience?!?!