licensed, certified mortgage loan originator

[Andy V.]

I have been contemplating investing in the mobile home industry (units, not parks) to compliment my SFR investing. However, the more I dig into it the scarier it seems, largely due to my wanting to sell on terms to tenant buyers. I believe that one of the Dodd-Frank and Safe Act things to be aware of is that I would need to have a licensed mortgage loan originator included in my deals. I presume this is not a state issue, although Indiana state law may require an even more stringent conformance. Is this accurate? Where do I find one? I've asked 2 brokers I know and got conflicting feedback. How do I buy and sell legally? Also, do I have to become a dealer? What about taxes? I heard I may have to report and pay taxes on the full income from the loan (over time) in the year of the sale? Some of these questions likely apply to SFR land contract sales as well. Obviously an attorney's advice is in order but I couldn't find anyone in my area familiar enough with Dodd Frank and the Safe Act to help. Any recommendations anyone? Hopefully I will hear back from some folks actually doing this regularly, not just someone wanting to sell a boot camp..................