You are considering doing something that may violate Federal securities laws and your state securities laws.

Without proper reserves to handle a big-ticket item, an investor is asking for Murphy's Law to kick in.

Check your state's laws and see what he is and is not able to do without a licenseCheers,Kenny

From my understanding its illegal to pay not licensed peoples a commision on sales but you can pay him to do a specific task like seeking out properties like a assistant but you can't pay them based on commisions but take a look at your state laws on that.

- Get some local REI guys lease crafted per local laws, not the off the internet lease.- Use postlets.com to push to every rental site except craigslist, and craigslist, lots of pictures are a must these days.

Other than reading articles online, base from experience of real people, laws, and how terms are applied in real life situations, i find investopedia.com to be a good guide as well for explanation and definitions of terms in RE that you might find difficult to understand.

Well, an oil tank would be an environmental issue, not a title issue (for the most part) - and the severity of the problem (and how much you actually need to worry about it) has a lot to do with how the property is zoned (commercial or residential) and what your state's environmental laws are (this all leads to an entirely different conversation from the one we're having about the title).

Although licensing is not required there are laws rules and regulations to follow just the same and a court of law will hold you equally liable.

I'll add, If the mortgage was paid but never released there are laws regarding that and how you protect/assert your rights.

You should be able to find your states landlord-tenant laws online.