I sent him an application, and asked if he could have it in by January 31st, as we will begin our management duties as of February 1st.

I am pretty excited about it and think that it will be a vital addition to my real estate toolbox.

I am a realtor and active duty military so I don't have a ton of time but I can pay myself the BAC or just not take one as a discount on a property.

A few suggestions are take all the floor duty you can, do all the open houses you can and think of a new way to market yourself each month.

Of course I would have to be associated with an office, pay various fees, and maybe have to do showings, even floor duty?

I think there is a lot of confusion between the duty to the homeowner/seller and some interpreted duty to the bank/lender.

The seller and yourself maintain control of the deal (fulfilling your fiduciary duty)due to your seller needing to agree/sign off on the approval letter received from the lenders.

Risks are the fact that many price points are extremely low and that is an attractor for investors without knowing the risks.Return numbers are going to be strong in many markets around the country, but IMO, as an out of area investor, finding markets with strong economic outlooks is vitally important.

First lawsuits are based upon duty, breach, damages, and a causal connection between the breach and the damages.

The key is to have the right people on your team that can provide you with the vital market details you need in order to see whats happenin.Good luck on your journey!