It's hard to guess how soon regulations will become effective.

Yes, you or I might save someone years of headaches, research, obtaining experience from hard knocks and that is certainly valuable.I'm not saying a REIA meeting isn't a good place to network.

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways. 

Learned that lesson the hard way.

If you're planning to rehab properties for rental or flipping, a hard money lender might be the right fit.

Learning as much as you can and remember, its a marathon, not a sprit so keep working hard!

It will hit hard on renewal and shopping for a new carrier.

DFW area here,I have been looking for a REI friendly CPA for sometime, never realized how hard it can be to find a good one.

U can buy a 3 bd 2 bad 1500 sq foot rancher in many mid west markets for 150 to 250k..Take the exact same house and put it in Palo Alto CA and its 2.5 mil to 4 mil.. so the agents in the SF Bay area make a lot of money because thats where they live and work agents in many mid west markets work just as hard but do not make anywhere near the same given their market and where they choose to live.. 2mil plus flips your obviously in a high priced coastal market or maybe Denver or ski areas or prime northern chicago etc etc..

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns