The more it positive cashflows (makes you a profit), the better a deal it is, from a cashflow analysis perspective.Of course, there are many other "perspectives" to real estate investing, but they are off this topic.Ben

Of course if you can buy low enough, you can still cash flow property #1 *after* the refi but as a fairly inexperienced investor, I haven't found any deals like that yet myself.

What this would mean, of course, is that I would be an out-of-state landlord.

Of course I have suggestions.

Then of course there is price.

Of course, that's why the vast majority of newbies fail and I guess there is little you or I can do to change that (even though we continue to try).Mike

Of course, if my father was a lawyer and I therefore had free legal representation....Mike

I don't know the answer to your question, and of course I haven't seen the code to which you refer, but it doesn't sound too far-fetched to me.

I'm sure he/she was referring to an assistant.Of course laws differ by state, but I know that here in Tennessee the law is very explicit about what exactly you can and cannot do without a real estate license (this comes up all the time, since busy agents often hire assistants and it needs to be absolutely clear about what they are allowed to do and what must absolutely be done by the licensed agent).

You can pay a mentor, you can take courses, etc.