All of the ones we are familiar with have qualified regulatory law firms on retainer to guide them.

(Dept Of Regulatory Agency's).

In our state HOAs are overseen by the Dept of Regulatory Agencies - a complaint to the California version of that may inspire some action.

Brokerage legal requirements - becoming licensed means you operate under a completely different set of regulatory requirements than the average investor3.  

We use our licensed attorneys and servicer to handle the transaction so that we remain compliant with regulatory issues.

I was told that it is most likely happening for several reasons (not worth getting into the details) revolving around the over site of the Association of Appraiser Regulatory Officials (AARO).

I don't know if that is a result of regulatory changes (and they were forced to get more real with their numbers and show more realistic rates of return) or environment changes (and more and more borrowers are defaulting on their loans lately). 

You will hear from most people on BP (who are not doing it) that it cannot be done - landlords won't let you. regulatory environment too difficult. guests will light your house on fire. etc. etc. etc.

The owner could then continue to rent the property, sell it, or enter into another lease and option scenario (though this time hopefully better educated and on-side from a regulatory perspective).As the college student, I would suggest the landlord either a) return my instalments and we part ways or b) you jointly sell the property and settle the proceeds in accordance with the present ownership ratio of the property (i.e. if the college student has paid 20% of the agreed purchase price, s/he gets 20% of the proceeds).  

This is why we deal differently in RE than we would selling a car, there are regulatory aspects that are design to safeguard the public and support civic needs of a community.