A compliance management system includes:A qualified and competent compliance officerA qualified and competent SARs officer (SARs officers are subject to felony imprisonment if they fail to follow the law.)Written policy and procedure manuals for each area of compliance that addresses the requirement and how the entity (or individual) plans on achieving complianceA documented training program for all employees and owners to assure they understand their responsibilities and what they are required to do to assure complianceA documented audit of compliance systems at least annually.All of these apply to "rent-to-own", "lease-to-own", and " lease-option" schemes, even if your state does not require a lending license (most do) or a MLO to so engage.

There's plenty of ways to learn how to do what it is you're trying to achieve.

I think you should get uour master's if your interested and for your personal satisfaction/achievement, not because I think it would help you more in your investing.

Long term goals, and then figure out realistically how I would achieve those goals, and everything came around to ----- Real Estate.I've been reading BP for over five or six months now, and while I have two very close friends in real estate (one in AZ, one in Cali), I do not pretend to know anything about it, nor do I plan to be as aggressive as a lot of people here with flipping and such; however, I do understand that if leveraged effectively, it can help me reach my ultimate goals, while also doing some wealth building as a nice bonus.I left the insurance industry about five years ago to pursue some other endeavors, such as starting my own travel agency; doing freelance writing around food and travel, and launching a website all about women in the culinary industry.

Are you considered a dealer, I suppose you will be.My point up there was that underwriting is not cut and dry, it's a process that leads you to a justified decision to advance credit of fair and equitable terms that can be achieved by the borrower. 43%, 46%, 49% they can all be done, in compliance.

Daniel, Your question can only be answered by you, What I mean is where does your desire lead you, where dose your situation put you and what is it your looking to achieve, Cash flow or one time cash payment, landlord or flipper, short term or long term or mixture of both investor?

I myself have goals and as long as I achieve them (ethically at minimum of course) I am happy.

In 19 years and with 15 units, I would estimate 50% of our tenants achieved a full refund of the security deposit, 40% just shy of a full refund, and for 10% a significant amount of the security deposit was not returned.

It was all about the exercise and if the deal ended up rolling, well, then I achieved the ultimate goal I set.

Nice muscles.