Driven, IMHO, by money coming out of the stock market after the bubble there and the extremely low interest rates and loose lending practices.

i'm saying that in NC, it is common practice, and leagl afaik, to pay a birddog a fee, whatever it may be, as long as all parties are aware of it...ie, full disclosure.we do this, commonly, by refering to this person or entity in the purchase contract, represent the funds owed to this person on the HUD1 closing statement and then actually paying them out of the closing proceeds.as far as being licensed goes, the birddog isn't representing anyone in the deal, simply being paid much like any other contractor offering a service.

Legally the term does not make a lot of sense.On a practical level investors use it to mean a property that has not gone to auction yet.

@Dustin BeamI just looked up some winter stats for Kansas and you have it far milder than I thought ... practically balmy.  

Sounds like there may be a more direct or practical way to start the journey.

I will be practicing real estate law in Lansing upon graduation as well. 

There is nothing like practice, especially if you have a mentor or the money to afford one.

A standard practice among some investors.  

These 2 apartments back in the past was stated as 1 house and in the mid of the house where the stairs appear to be today , it was the house's hall, as the years passed the old owners decided to break down the hall's wall and make it practical to be 2 split apartments but they didn't change the contracts to appear as it is now and also the architect didn't change the files of the house as well.

I've generally waited until current tenant moves out before advertising and move quickly to make any necessary repairs and painting so that I don't lose out on an entire months rent. It's worked out so far since I've ...