He was concerned with the practice and thought I was "equity" skimming and essentially planning to defraud consumers out of their money.I came across the Washington State Attorney General's page http://atg.wa.gov/hb2791prjune08.aspx#.UyfgGfldWJEand it does seem that wholesaling could be questionable.Is there ANY legal information/experience someone could provide me with that could help me calm my nerves and get started?

I thought I read on here that its a common best practice to get rid of external hose bibs, you just can't trust people to not leave a hose on it and give you frozen pipes.

Sure, they could, but without a strong relationship or a deposit in hand it may not be the best business practice.

Practice running numbers on houses on the MLS.

If you personal situation warrants it, and you are open to it, and you are truly committed to investing in real estate, you might consider relocating to an area where the barriers to entry aren't so ridiculously high.

Hello BP family,I am a newbie and am relocating to Denver have been doing a lot of reading for the last 6months, this is my first post and I need advice and inputs. on starting out.Options I am considering at this time..1.

Is this a common practice or is it frowned upon?

The 50% rule is very easy to work with, and I agree with @Jon Holdman that it gets terribly dicey to start projecting with too much detail, especially on things that can be unpredictable.Coming from a family of lawyers (3 in the sibling pool, none of them practicing on the West Coast) I tend to rely on counsel more than the average person, and I don't want my analysis to be off.Thanks, guys!

It is an unfair or deceptive practice for you to demand that a tenant prepay rent when a tenant is not obligated to and did not, in fact, occupy the dwelling, unless otherwise agreed to in writing by both parties (940 CMR § 3.17 (6)(d)).

Agreed... practice with family funds first and limit how much you borrow from the HML so the points and interest don't eat you up..