I'm not a REALTOR either and a lot of these concepts, like wholesaling are new to me.

Basically, if your seller uses a land trust with you as the beneficiary you have triggered DoS just the same as putting it in your name.

The basic numbers seem ok, I personally like a larger ROI on paper as in reality things always come up to eat your profits.Be prepared for a battle to evict those 2 tenants, expect additional costs there.Are those market rents you plan to raise to?  

From there we get Economic Concepts, Demand, Utility, Scarcity and Transferability Then we have Legal Concepts of real property.

There is basically no vacancy if you are a decent manager3. 

Every form of bank lending is basically a product.

Basically I will keep his stuff until he pays me a storage fee of $50 a month. 

Basically it is Sign-Here-What-Is- It-I-Have-No-Idea type of situation.

By including the cap and limitation that all originated mortgages must be under $150k the Bill basically says these folks are in no more danger of defaulting on a mortgage than they are of being evicted from a rental.  

I'm new here too and to the whole concept of investing.