Just some food for thought.Regardless of buying in rent control or not, I also recommend you and @Ben Wakefield read past publications from the Apartment Owners Association (AOA) in CA to start learning, their magazines always have lots of great articles (aoausa.com).

I have no associated costs to deduct.

I recommend that you attend your local real estate investment association.

If they want me to meet after normal business hours, it is the tenants responsibility to pay any associated overtime fees related to it, they pay for calls during normal business hours.

Interesting.Maybe he associates rich white people with Germantown?

Seems like the fees associated would be too high and it wouldn't make sense to use.

In terms of cost to hold your license, certainly any cost associated specifically with this deal should be covered by the partnership (MLS fees, broker split, etc), but given that I assume you'd keep your license and incur costs even if you didn't do this deal, compensating you for your general business overhead doesn't really factor in for me.What if one of your partners was an interior designer...should he get paid more for that expertise or to cover any costs associated with any interior design credentials he has?

Many associations have such tings.

Fraud (which is rare) with a trust account is a great way to lose it all in both fields.Maybe it's just in my state, but start BAR associations will take MUCH greater/swifter action against an attorney accused of mishandling funds than will the state Real Estate Commission.

There is a new one that began last year – OCREIA http://www.meetup.com/Orange-County-Real-Estate-Investors-Association-OCREIA/It's pretty good.