Regardless of the type of transaction, licensees are required to disclose their license status, whereas a non-licensee obviously wouldn't.The one major advantage would be the ability to access and utilize the best real estate transaction data available through the MLS.

Usually these arrangements can be made based on your abilities and quality of work as he is responsible really (due to the lender).

This gives you the benefit of their buying criteria, a guaranteed buyer for what you find and the ability to access their knowledge as a mentor without asking for a mentor!!

The note holder can change the Trustee, often changed at assignment but many don't change them until a pre-foreclosure phase.Your "law firm" really needs to be where the property is unless you want a chain of firms tapping into costs of collections, these are regulated and limited but you can be assured you'll be maxing out to the maximum allowed.BPOs:How are you vetting a real estate agent's ability to appraise and value the collateral?

A great decision.Your question on buying a home to live in is certainly a personal matter, but be sure to consider your ability to afford it (mortgage, taxes, insurance, maintenance, etc), and how that compares to renting a place that meets your family's lifestyle and needs.

I also realized that, while I’ve never missed paying a bill, my credit wasn’t great (upper 600’s) because I had never cared enough to cultivate it (that has changed).

Family transactions to settle an estate have exceptions to the usual investor refi/purchase transactions, at 50% or 55% LTV you shouldn't have a problem subject to credit and ability to pay.

That being said, the owner may have the ability to give them 2 months notice if their is about to expire or if they are on month-to-month.Brandon

I'm torn between the "if you're working to hard to make a deal work, its not a deal" mindset, and my persistent ability to keep working at something until everyone is happy.I have a track record of not giving up until I get what I want, but as I get older I am also weighing this trait against the amount of time and energy expended.

There is more to it than the ability of a project to generate income.