Most who do construction work often will tell you what a joke most inspections are, the inspectors barely pop their heads in.

Commissions are governed by at least one -- and often two -- contracts between two distinct parties and their representatives, and the only requirement is that all parties agree.If you wanted to make real estate commissions analogous to the Fair Tax, you'd need to define a fixed commission schedule for all agents involved with fixed determination of which party pays which percentage, all of which is non-negotiable among the parties involved.

If you were to say the tenant represents that they have only those rights of tenancy as stipulated under the lease agreement dated such and such and that have no other claims in or to the property, then on that date, they affirm they have no other equitable interest other than the lease.

I have read that "part time" is often frowned upon.

I often joke that someday I will write my "memoirs" about all of my adventures in real estate/landlording!

Often the developer is putting in a bunch of their own cash and mortgaging the land involved.

Anyone can buy at the auction but often no one bids so essentially the bank buys it and becomes the owner.

I drive through Cookeville pretty often...

When I'm testing a rental market, I'll post rent a bit high for 1-2 weeks and check response rate and quality of tenant (if rent is too high, you'll get a poor quality tenant).

Simple exaggerations cause big problems, but are often not malicious in nature.