That is why most brokerages advise their agents pretty broadly to disclaim often and not partake in any activity that could be construed as giving legal advice or the unauthorized practice of law.Despite this we all know that it goes on fairly frequently.

Loan collections is very much a related issue but is usually another department as collections can be involved as is specialized as well as highly regulated.After that you'll move to secured lending activities.

Short sales is most of the activity but still has a high failure to close rate.Where are these markets where all the inventory is readily available?

i guess i'm one of the blind sheep that follows the pack...i agree permits are a pain and a ridiculous fee that the government mandates...however, they do serve a purpose...i didn't see if you specified who ran the sewer line..my understanding was the seller himself did it...that's a different story than having a licensed plumber do it on a weekend and not pulling the permit (not advocating this approach either, just separating possibilities).

He's also a good family man and active in his church (I'm not religious but I can appreciate folks who have a strong sense of spirituality in what they do).So we decided to form a partnership, my first long term business relationship in about 8-9 years.

You never know when one is in a flood zone..The known flood zones are published:http://www.google.com/#hl=en&q=FEMA+flood+zone+map&safe=active

Why your accountant would change passive income from rentals to active employee income doesn't seem to make sense to me.

You can go onto the website socalmls.com and input the name of the city, on left side, scroll down, and check the box for active and solds, then do a search.

I have heard back weeks later, though, usually when other offers have fallen through.When I was trying to buy REOs I would make several offers a weekend.

if the land has really doubled in value, the lender would do better to take back the property sell himself...maybe that sounds like a hassle, but i know of a hardmoney lender who preys on borrowers and does better when they default...sell the whole property and it sounds like you made money...now, he may do some sort of a release, if you ask him and an attorney..just depends on how active he is in realestate, aware he is about the values and the opportunities, and how nice he is :)