Laws very widely from state to state, especially if the seller is involved in foreclosure.

This is actually a good result when this happens as you are the holding the first lien on the property.Rules on redemption of liens and foreclosure actions not only vary state by state but county by county, so wherever the property is you need to ensure you are aware of the laws pertaining to the locality.

- Do you feel the government has overstepped the boundaries of its responsibilities to its voting public or do you feel that more laws of this nature should be passed?

My comments boil down to the age old laws of supply and demand---supply (lack of land that is) and demand (presence of wealth or future growth) are economic principles that can't be disputed.

Things might be done a bit different in Quebec because you're under French civil law instead of British common law.

Remember, Federal law doesn't permit them to BROKER sales, but just like any other property owner, they're afforded the legal right to sell their own property without a license.

In a few states there is a specific property management license.If you are using an unlicensed agent then you can be held liable for their activities and you might find that you can not take action against a tenant who is not paying.Check the laws that apply in the state where you own rental properties.John CoreyPS.

Check the laws.

They are not looking for a new best mate or buddy.The Law of Attraction implies that casual remarks that are not accurate, speculation plus other demonstrations of being a little too loose details sends a message.

Even if you have an LLC you need to be clear about who is offering to help the seller.If you mess up and leave the place unlocked, there is a fire, or there is an event related to mowing the law you need to know if you are covered.You could lease/option the property and agree to do the work as part of the deal.