Good idea.By the way, in many states, it is against the law to talk negatively about a tenant.

Is this an adventure to be managed and worked, or is this strictly passive income generation?

I think if you check the Texas laws, rules, and code of ethics, you will find your thoughts are illegal for the real estate agent to take a bribe or disclose seller information without the seller’s permission.

To add to what Karen correctly mentions, there are many new Federal laws, including those created by the Dodd Frank and S.A.F.E.You will not sleep at night once you begin to realize all the pitfalls, rules, and regulations.

Check with your state laws to see what constitutes an "illegal eviction".

So long as they are not a danger to themselves or others, there is no law against being nuts.If your lady is a danger, get with social services, they may come pick her up and take a "trip to the funny fram where life is beautiful all the time" (had to throw that old song in).

If after I met with her next week she doesn't seem up to the task I have no problems going elsewhere but she has been practicing RE law for 20+ years in this area.Thanks again.Scott

Some of the topics I was looking to get more info on are:-New legislation passed here in NV AB300, SB321, also the new law that will allow underwater homeowners to short sell their homes to themselves without an "arms-length" transaction disclosure being required.

For real estate, I would strictly stick to the big names.

:D).I plan on attending law school (not sure yet of specialization, but I will be pursuing something in financials: tax, capital markets, investment banking, REITs, etc) beginning 2014, and consequently, have a "gap year" to build experience (any productive kind) and possibly earn some modest cash to put towards (near)-future investments.