Seeing that you posted this a few months ago I am curious to check your status and see if you decided where to invest?  

He no longer has his license at a brokerage but MA has a "referral" type of status that allows him to maintain his license and still earn a percentage of commissions for anyone he refers out to an active agent.

NJ isn't even a horse in that race with around 40,000 agents (many in of those in referral status only).

What everyone else has been emphasizing is that it's illegal to make a decision on tenancy based on family status; that can't be a component of who you decide will "best take care of your house," but it appears to be the only factor you're considering based on your original post.

The other reason for buying 4 MFH all within a mile of each other has to do with REPS status.

I called b of a yesterday but my file is still with b of a home retention department and they wont release the file to active status and wont postpone the 9/18/12 sale.

It's simply a piece of paper between the selling landlord and tenant which cover the basics of the lease: sec dep paid, current rent, occupants, lease term (expiration or membership status).it's a really good idea to get this because if you don't have anything in writing it becomes he/she said for anything immediately after you take over.

You must be employed only by the trade-qualifying company that petitioned for your E-2 status.  

If you acquire good under the status of 'Marchand de biens' rather than in own name: there is no tax on the capital gain when a sale is made by a professional.

Did you or can you check his contract status on your state's CSLB website?