Recently some states have passed very strict foreclosure laws (Maryland) where you can't use the word foreclosure in your advertising, etc.

State laws can be very specific in this area, as they are in PA.According to our Landlord and Tenant Act of 1951, "No landlord may require a sum in excess of two months' rent to be deposited in escrow..."

My hesitation has always been the image of hassles with renters, knowing the law and unscrupulous lenders and realators.

A 24 unit will most definitely have maintenance and repairs, as well as cleaning fees and depending on your state laws you may be required to have on site maintenance and management once you start getting into that many units.

I hung my license with my father-in-law, a developer, for a couple years.

If not, check state law.

What new laws help and hurt us as investors?

I should add that I wouldn't be doing it for the glamorous job of being an agent.It would strictly be for education and experience with my own plan in focus the entire time.

I was thinking each might want the impression that I either strictly buy homes, or sell homes.

I read the new laws and it seems that family and employers still can gift.