Hi Account Closed,It's your lender's job to explain, not mine,  but I'll help. :)then he asked me to also provide a copy of the directions on how to take money out of my 401k if I needed to take money out.

There are many pros, but two cons that seem most prominent in my mind of the bat: 1) getting a license doesn't make you an expert out of the gate, even with MLS - an experienced real estate agent can guide you into an emerging market that you might not know about vs. an obvious, saturated market, for example, or explain why a comp only .2 miles away is actually no good for your prospective purchase, among other things 2) if any litigation were to arise in your r.e. business, having a license will almost undoubtedly mean you are held to a higher standard, probably with respect to any aspect of the deal. 

Or can someone explain to me how it can be done without getting in trouble for acting like a broker?

Has this happened to anyone else and were they cool about it once you explained what you were doing?

Wondering, could you explain: "if you run your proformas out the life of the asset you do in fact not pay any tax"?  

@Joseph Scorese Do you mind explaining what is the FNMA 10 Mortgage rule?

Explain this to me please..

So if there's another investor just starting out that might be discouraged because they are having a hard time getting others to listen to their offers, take them serious, give them time to explain their goals and objectives, whatever it is....

Then you can explain how simple and lucrative it can be for them and for you.

I list it and explain to the inquiries that the home is not ready to view yet and explain the renovations you'll be making - people LOVE fresh paint and new carpet.