State laws vary, but typically a ‘licensed mortgage originator’ must have a $25,000 to $50,000 surety bond, three years mortgage origination experience, a physical business office in the state in which the property is located, and continuing education requirements.

The requirements include a certificate of registration, a performance bond, and an approval of the building plans and specifications.

So, you be out the money for the filing fee, the bond, the referee.

I believe vanguard can invest in a wide variety if investments like stocks, bonds, annuity, mutual funds, REIT.

After speaking with the renter at length, I have the feeling that if she knew she might actually offer to purchase the house herself.  

One way to retrieve money lost this way may be to pay with a Mastercard, though the process of being reimbursed is lengthy and sometimes scam vicitms have their claims declined alltogether due to negligence.

It'd actually be more of a hindrance since you would (I'm assuming) be required to disclose that you're licensed and provide disclosure forms when appropriate, which a "normal" investor wouldn't have to do.Getting your broker's license is a lengthy process, and it of course costs money, and MLS access also costs money... so the real question becomes whether or not your time is best utilized pursuing that license for MLS access or using an agent and eating the commission costs on the selling side.

Stocks, RE, Bonds whatever.

I have a lengthy Legal Opinion, from my seasoned Legal Team regarding this matter.

So, get ready for the 30 Year Bond to go to up a little more and hit the glass ceiling.