Is this a common or advisable practice for investors who are buying with cash?

However, legally the PR has the fiduciary duty to settle all claims, secured and unsecured or risk court sanctions or worse from an unpaid creditor or claimant.So, in practice, counsel for the PR should require settlement of creditor claims, particularly those for medical benefits. 

However, I think it comes down to how bad do you want to get in the REI space & what are you willing to do to, in order to make it happen.From a practical standpoint- I'm surprised no one has suggested getting a second job.

But I would like to lend credence to the belief that the government may have unwisely pushed the banking institutions to lend in unsafe practice.

The socialist mayorial administration of NYC can't practically or politically regulate the individuals renting out their apts on airbnb, so they go after the landlords, causing the landlords to perform enforcement for them.  

It doesn't work out all roses like we'd like and in the new world since the great recession, they are addressed as an unlawful practice with triple damage awards possible!

I'm going to keep both eyes out for good deals so I can practice looking for that perfect one.

Hi Mark,In CA you have to take 3 courses to sit for your license: RE Practice, RE Principles and one other off the list.

I am not practicing law without a license but a lawyer can tell you what do with the money to pay it off. 

Also, start practicing now, where ever you are.