Hopefully this post won't get taken as a solicitation, it is not.I am relocating to the area & need a good RE attorney in the southern vermont area, also looking forward to networking on here as well.

Regulators look for predatory practices from scrupulous people and companies where they offer to review and some type of fee is paid to the party.

So, that is my thinking and basis, states may allow it, I don't know if there has ever been a challenge to this, I can see where it wouldn't be if it was common practice, but who knows....Again, I totally agree, these matters are state specific and folks need to get with local counsel. :)

Thanks @Kevin Macdonald ,To answer your second question, yes you should find a qualified Enrolled Agent licensed to practice before the IRS to assist you with your tax return.EAs are required to take CE in taxation whereas most other designations are not.

I've been practicing law in Dallas and Tarrant County for about 9 years.

I've tried pitching seller finance to people who are simply relocating from their previous home that isn't the best, but they aren't extremely motivated yet.

This is actually a great practice on your agents side.

Sellers are motivated when there is a financial issue, vacant house, they need to relocate 5 states away or the house hasn't been updated since the reagan administration.

I'm wondering what direction I should take when I get started after re-locating to Chicago.I will have something in the region of $750k to play with, and I am looking to use it to provide me with an income.

I'm not defending this practice, but the situation is that new investors can make dozens and dozens of inquiries to a lender on deals that never come to fruition.