Absolutely right, Mike,But I don't think it will ever be set to law.

YOU need to obtain and pay for proper insurance; YOU need to pay and/or appeal your Real Estate taxes; YOU are ultimately responsible for law and code violations; YOU need to provide oversight to ensure the property does not deteriorate; If you want a "hand's off" Real Estate investment, then look at REIT's!

I also understand that all state laws are different but you can still show me how to fill it out right???

The new North Carolina law, which goes into effect January 1st, essentially ends stated-income loan applications for state-regulated loans, applications where borrowers estimate their income and lenders usually don't check.

We (the Association) had been lobbying the State Legisture for seven years to change the Landlord/Tenant Laws of OK. this year it looks like we might make it.Landlords, everywhere, have been having tenant problems since the first rental house was built!

A fellow investor had overpaid for what was going to be a student rental right before a law was changed and she couldn't rent to students at all.

Find a lawyer in your area and get in touch with them ASAP and start the ball rolling.You need to learn the landlord tenant laws in your area.

People still want the American Dream of home ownership it's Maslow's Law.

I also work full time for a law firm, but I eventually want to make the real estate business my full time job as my business.

For another, find out your local laws regarding transactions like this.To actually wholesale it, you need to get it under contract at some agreed-upon price.