Mine are as follows:1) Identifying a good deal (so many unknowns)2) Structuring deals3) Finding dealsI am pretty new to investing so I am curious as to what everyone else has problems with.

Most I have seen use a fee agreement with the NCND on the commercial side.The fee agreement has a disclaimer that they are not a securities dealer,financial planner,mortgage broker,etc.It simply states they are a business consultant and xx number of points will be paid from the closing to be put onto the loan.Basically a fee for bringing two parties together on the commercial side to do a transaction.This can be for energy,gold mine and other deals as well.The key is full disclosure.Residential is highly regulated unlike commercial.On the commercial side everyone is trying to slam in deals before the government wants to "regulate something" and stick it's nose where it doesn't belong.On the residential side you have the Georgia Residential Mortgage Lending Act which ALSO states you are NOT allowed to counsel people with loan modifications etc. unless you are licensed.So as said the feds have rules and the states have rules and you have to make sure both are covered.

So tomorrow I will start canvasing the area ... a friend of mine in GA thinks wholesaling is the best way for me to start.

A friend of mine who is a real estate invest is offered me a couple of properties he has found.

Mine is on our last two projects.

We are Gold Sponsors of the Memphis Investors Group.Our specialty is acquiring, rehabbing and managing properties for investors in the Memphis area.

They would tell me the guy in the next block only wanted $750 for a comparable sized house.I would point out that mine had; extra insulation, higher efficiency A/C, solar shielding screens on all south and west facing windows, automatic garage door opener (well before they were truly standard on every price range house), recent paint and carpet etc.

This situation happened to a friend of mine recently.

IIRC a "white shoe attorney" acquaintance of mine told me their usual (on the legal part) fee for handling a trustee's sale is closer to $5K, and the borrower is generally 5+ month behind before they even receive the paperwork!

A friend of mine is a well accomplished investor.