Any buyer can walk in behind one of these frauds, make an honest offer, put down substantial consideration, and kick the unlicensed broker to the curb.From the statute:All contracts, options, or other devices not based upon a substantial consideration, or that are otherwise employed to permit an unlicensed person to sell, lease, or let real estate, the beneficial title to which has not, in good faith, passed to such party for a substantial consideration, are hereby declared void and ineffective in all cases, suits, or proceedings had or taken under this chapter; however, this section shall not apply to irrevocable gifts, to unconditional contracts to purchase, or to options based upon a substantial consideration actually paid and not subject to any agreements to return or right of return reserve

Right now I would like to get more knowledge on the subject of where to invest and what to invest into that will have the most long term benefit.

Someone getting into REI using the STR to create a positive cashflow can only expect (2) as a natural result, not only from the community taking action against businesses operating in residential neighborhoods, but also economic reversals where the travel industry takes a hit.BTW: Tourism has been with us since the automobile and communities thrived a long time before the advent  of STRs.The NIMBY principle is heavily at work on this subject and historically, has been effective and successful in managing change.  

@Thomas Anderson   subject to partners approval has to be the all time low weasel clause.. can't you guys do any better.... really  this is a profession not a screw the seller free for all.

I want to learn about owner financing, subject 2, wraps, etc.

The new format of the emails does not identify what the subject-topic is from the person posting.

I have a Sales/Service position with the Valspar Corporation's Packaging business segment, specializing in barrier coatings for metal containers.I have no experience with Real Estate Investing to speak of, however I am looking to educate myself in order to help break into Real Estate Investing with a good understanding of the subject.

I've read a couple of ebooks on the subject; they are ok but not exactly college-level reading, at least not from a finance perspective.Would it be realistic to turn this into a full-time business and build a 100+ note portfolio of these things?

Speculation on appreciation does not enter into the subject.

I definitely think mentoring is worth it if you've already learned and tried to apply as much as you can about the subject on your own.