Also, I agree that you should be able to get a far better rate than 6% on a conventional 30 year mortgage these days.In addition to the 3k estimate for closing, I'd include another 2-3k for miscellaneous "getting the show on the road" expenses.

A good real estate CPA is worth it's weight in gold.

Their house has had two additional loans against it since their purchase, so it is now underwater IMO.

Since my time to deal with things (such as meeting them an additional time to collect this cash) also has value, it's an option that's worth me thinking about.I would have been running credit reports this evening, for the current prospect, if I wasn't waiting for their application-fee check to come in the mail...

It's my understanding there are not many additional regulation is it's a facility just based on age and does not include medical care.

In addition, we don't want to do alot of work to check out an applicant, call to tell them they are accepted, and have them say "never-mind, I already found a place somewhere else"...

Additionally, check into the ethics section of your state real estate license board to see if you are required to disclose that you are a licensed real estate agent.I also agree with the other posts that it is better to use the board's PA.

In addition to the technical aspects of a degree, many cirriculums force a student to manage time, set priorities, schedule, sacrifice, etc.

We do have Real estate to secure the deal and also have additional investment properties.

In addition to what he mentioned, I would join your local REIA.