As I conduct evictions with my job, I will tell anyone first time you dont get payment start the paper work dont wait.

The party doing the action or conducting the business will be governed the same as a licensed Realtor, and be held accountable to the same laws, terms and conditions that would govern a broker or realtor. is this your interpretation or a part of the code?

At the end of the day it's about how you want to conduct your business and how well you will sleep at night.I sleep very well knowing I stand behind everything I do.My brother owns a car dealership he has had for 20 years.

Once that judgement is obtained the lien holder can then follow prescribed posting and notification procedures in compliance with state law and eventually conduct a foreclosure sale.

To add to Sandy's comment (which I completely agree with), you'll find that both in-class and online classes have the exact same curriculum, and it's mostly based around memorizing abstract terms and concepts, not about how to exactly conduct a real estate transaction.

After seeing the statute, looks to me like investors should see if the could get with a non-profit that is involved with low-mod housing, the Texas Home Investment Program....probably a grant program, if not otherwise restricted.Those saying they only do commercial as they loan to investors or contractors, well, there is no specific exemption to commercial there, defined as any residential home, being property oriented, I do see the argument both ways, I'd tend to look at the bigger picture, a contractor in construction would be commercial, but to an investor who allowed a wrap or lease/option (6 month limit in Tx.) with a homebuyer assuming that loan , may not fly, certainly not after 5.Lastly, my above post concerning prudent lending, I'll guarantee you that exemption at 5 is not a license to do charge high rates, set early balloons or offer loans without any qualifying due diligence, don't need rare occassions and wild scenarios to demonstrate the need for fair and prudent conduct or the need to live in fear while doing RE.

All you can do is conduct due diligence, minimize risk, set up exit strategy and Jump in.

There is a right way and wrong way to conduct business.

You can be the non-owner manager of the LLC and conduct the affairs of the LLC.  

You do also need a copy of the rental agreement and any written addendums.Be sure to follow any rules for the hearing room; properly address the person conducting the hearing; as much as possible, answer with a simple yes or no.Never interrupt...anybody!