As mentioned, it might be worth doing some investigating to see if they have consultants/executives in need of a high-end rental.Here are a couple of the companies that are investing in Atlanta;-Gulfstream-Juniper Networks (the are building a 100MM testing facility).

The competition in California is intense as well.

Under the SAFE Act of any other mortgage origination regulation, A loan to a family member is not considered being in the business, which would be the first test, secondly, it's a refi, not a purchase.

I have been approached by other cabin owners to manage the properties but its so management intensive it really isn't worth the time it requires dealing with the needy types.

That's my thinking, Jeffrey.If we've got a forum dedicated to something that for all intensive purposes, doesn't exist, aren't we just as bad as the people who are trying to sell folks on the dream that it is possible to do these deals?

Of course, visiting the neighborhood is time and money intensive if far away.

One last thing to mention.. tearing up and replacing floors is very labor intensive.

It just doesn't pass the "common sense" test...Can you post the applicable statute(s) that are being broken in these two situations and explain to me why I've never heard of anyone being charged under these statutes?

If you are following any guru progam written prior to the Act, my opinion is that there would be a good chance that it would not pass the smell test.

I have been in this business going on 8 years.I am a broker and own my commercial real estate brokerage in Georgia.Each state is different.In Georgia you have to be licensed for at least 3 years continously active and in good standing to get a brokers license.You can take the test in year 2 but not become a broker until the time requirement is met.As far as reserves let me clarify a few things for you.Unlike the JOB you have now real estate is a free for all where you have expenses that run into the multiple of thousands of dollars annually even if you close on nothing.Also the average agent it says makes about 35,000 a year.This is UNTRUE.