That would subject them to all kinds of regulatory action at both the state and federal level.What you should have done, and should try to repair, is to build a positive relationship with the community owners before you bought the home, if that was in fact even possible.

Living on the property you intend to turn into the rental may preclude you from obtaining financing from non-bank sources, for a few reasons, but mostly regulatory concerns.

Higher regulatory measures reducing banks ability to lend? 

Whether others like to admit that or not, if they were open about it with regulatory agencies they would be shut down.

Despite the competitive banking industry, banks are still under heavy regulatory pressures.  

The 12b project is much further along w/o any regulatory gating items.

Syndication is going to involve jumping through a lot of legal and regulatory hoops.

I increasingly think that our society had outgrown our government structure and its usefulness.Government is now trying to play catch up (ex regulatory bodies failing to effectively regulate ; guns, environment, etc), but never will effectively catch up.

Further, IMO, this is a big blow to those attempting to deal in NPN's due to the regulatory issues of loan modifications and license requirements for lenders, a loan modification is a new mortgage and then subject to current regulation.   

I like the concept in theory...but like all other review sites...I think you will find it turns into an enormous amount of issues for you as the site owner / developer when you provide this "service".In an industry as highly regulated as the lending industry is (yes even for PM/HML lenders, borrowers have an enormous amount of assistance available to them if they run across a bad egg via the various regulatory agencies.