May 11, 2009)Rooming houses are subject to regulation by the Department of Community Affairs(“DCA”), and specifically regulated under N.J.A.C. 5-27 et seq.Section 7 of the Act provides that no person shall own or operate a rooming housewithout first obtaining a license from the Department of Community Affairs, and the operation ofa rooming house without a license is punishable by a penalty of up to $5,000 per building.

Any person who violates this paragraph commits a felony of the third degree, punishable as provided in s. 775.082 or s. 775.083, or, if a corporation, as provided in s. 775.083.That part of the statute states brokering without a license is a 3rd degree felony. 

I know historically buy and hold has always been preached as a more sound investment compared to flips etc, yet 2020 definitely shifted things towards sales being rewarded with low interest rates and buy and holds somewhat punished with eviction moratoriums etc.  

They say oops we just got it yesterday and forgot to tell you.I'm not looking to punish anyone, but I'm not wanting to get played either.

This single fam had major roof and ceiling damage... probably a bit more involved than a newbie should undertake but I'm a gluten for punishment and I figure this will finally grow hairs on my chest, LOL.

If you can't be held liable or go bankrupt, how would they punish you for not paying on time?

This is not meant as a punishment but a compromise to alleviate any ongoing issues caused by shared parking situations.

They are the people bribing the officials (which is not punishable legally), not the people receiving the bribes. 

Otherwise, the value supported by the first appraisal will be used to calculate the maximum mortgage amountI would hope they use common sense - hell, I rehabbed the whole house, inside and out - but again I ask, is there a chance I get punished by having a contractor who gives me good prices, and by searching out good sales in materials and appliances?

Unless it's illegal in your area for contractors to take on work without a license, or local code prevents a GC from pulling permits, the only real disadvantage is that the contractor can't be censored or punished by the licensing body, which usually takes the form of loss of license and fines.