The key is if your tenant has a valid compliant on any level or is this the tenant having a complete fabrication in their mind of what is going on??

I did this back in 2009 and didn't sleep well for two years knowing the IRS wasn't too keen on many of the ROBS providers and the way they were using a loophole to avoid taxes on non-retirement income (they're the ones that coined the phrase "ROBS")...I was so concerned with my decision to pursue a ROBS that I voluntarily paid to have the IRS audit me (and provide a letter that said I was legally compliant) so I wouldn't have to worry about them eventually cracking down and unexpectedly being audited 5 or 10 years from now when things were less favorable.

Landlord tenant laws usually have limits on the size of deposits, so learn your local laws to be compliant.

You want to be as safe and compliant as possible when investing with others and go into it with eyes wide open.

(LOL)It's a disguised sale, doesn't matter what you call a stream of payments, the fact is that payments are required and at the end of the term an asset is conveyed to the one who made the payments.No, it's not SAFE Act compliant, the Act states "any method or scheme" that appears to circumvent the intent of the law will be subject to the Act.

Are the seller's compliant with all of the information necessary to perform a short sale.

The cost of providing a full code-compliant foundation and all utilities.4.

What would it take to convert the house to commercial (ADA compliant, parking, etc.)

Servicers are and will be required to implement current servicing requirements on every note they service in some aspects, for example as Reg Z was modified, so they absolutely do not break out a portfolio and say, oh, this was originated before X date, therefore the old rules apply to that note, that's not how it works in reality Now, if a particular loan blows up, dates will be more important but it's not an excuse not to service a note to the extent of current intent of regulations.My notes have been under servicing for years, I would not attempt to service an OO note now, I find it amusing that some layperson not formally trained in lending and servicing could read some regulations and think they will be compliant, don't even go there.

David, I agree, I wouldn't make a fully am loan, but it would be compliant.