A real estate license is not required to be an investor, but it does provide a good foundation of education.

You have built a great site, i'm sure you agree, the members knowledge and willingness to help is the foundation.

Like: knob and tube wiring, foundation issues, pests.Also look at external factors.

The majors include roof/attic, HVAC, mold, plumbing, foundation, kitchen, bathrooms, windows, insulation.3) By listing the property as-is, does the seller have still have obligation to disclose issues with the property?

Most real estate podcasts (that I have found at least) seem to focus on wholeselling or other "quick buck" strategies.

It needs new carpeting and some minor foundation repair, and does probably need some block fixed in the basement foundation.

New comps will need to be found, at least one should be more than the sale price.

I'm assuming, BTW, that you have a foundational understanding of the real estate rental business and that you understand things like -cash flow, ROI, expenses, etc.

As I spend this year scaling the marketing to establish a strong foundation for 2014, which will include the addition of many short sale deals, I will be evaluating the performance of that individual because I'll want to move them into a full time salary + commission position.

He bought a house with MAJOR foundation issues.