Additionally, you will learn valuable skills that you can then implement on your own for future investments.

Another interesting aspect was attorneys asking for exemption for legal staff and another concern seemed to be for attorneys that did not have a client relationship with a proposed borrower, but perhaps with the seller.Jason has a good point IMO, it's hard to say what will happen until states spill the beans and if states do not implement similar statutes, the HUD version will govern.

Mind map software - google for this, since there are free implementations.

All three credit bureaus require it, as a result of the FTC requiring them to implement tighter controls to cut back on identity theft. 

HuynhThank you for the elaboration.Did you run the structure by an asset protection attorney before implementing it?

If you want to spend $5,000 on 10 units on a 20 unit property, it'll take time to wait for those leases to expire, remove the tenant, implement the upgrades (which could also cause a higher vacancy as some tenants will be living next to construction areas), then release the unit.

These two bodies share the responsibilities for implementing and enforcing the existing licensing laws.

Even a bond with the state wouldn't be that big of a deal.Whatever, I'd think the best way to get changes is to acknowledge the problems, work with them, find simpler solutions and implement standardized practices.

You can pay $300-500 for tax return guidance and prep, but you are going to get someone who will say just set up an LLC and be done with it (additional $7K in tax) or pay $1,500 for your business and personal return and you will get some advice like I have given and they will help implement your plan.You do get what you pay for.Joe

So I have an excellent strategy that I use for my personal blog that I am going to be implementing in my RE business as soon as I get my license.