1. Why do you think it is important in an Escrow that Costs such as Property Tax and Mortgage Interest be prorated? (Hint: think about what amount of time the particular cost covers as it relates to when Escrow closes)

2. What is the purpose of a Probate Court? When would a Real Estate property fall under the jurisdiction of a Probate Court?

3. What is the benefit of having a tickler system when managing many Escrow transactions simultaneously?

4. The 1031 Exchange process can be a powerful tool for Real Estate Investors. If you had an older Duplex (2 unit property) thats free and clear and favorable Market conditions, what strategy would you consider for building further wealth in your Real Estate portfolio?