This certainly clears up a lot of concerns the noobies entering the notes space have.keep in mind this is Specific to California and each state is different.. for instance Oregon you may not fractionalize a note I learned the hard way on that one since I spent a decade doing them in CA It did not even occur to me to check with Oregon regulators and they hammered me and gave me a cease and desist.

So he is making 10% on $100k plus a bonus of 5% on the $300k mortage that is already in place.The reason for commercial is the regulations are much more limited.

That is the law that regulates the type of activity you are describing.Telephone Consumer Protection Act 47 U.S.C. § 227SEC. 227. [47 U.S.C. 227] RESTRICTIONS ON THE USE OF TELEPHONE EQUIPMENThttps://www.fcc.gov/sites/default/files/tcpa-rules.pdf 

.: Ensuring compliance with tax regulations in both countries is vital.

Read a regulation or seller servicer guide once in a while and you'll know what i mean.

I read their cc&r and the only thing I found that relates to rentals is a line that reads “Property shall be used for residential purposes only”But I’ve reached out to the hoa and was told “Our HOA regulations say single family home which means No vrbo or short term rentals.”I’m getting confused since I’m fairly certain that single family home doesn’t mean what they think it means.

This seems to be a fairly common topic, but I'm curious what laws and regulations make what states more landlord friendly.

Agreeing with @Mike Lambert here that we need to have in mind that the Spanish mortgage market has been regulated more since '07/'08 and that it is normal here to pay down on deals.

I completely agree that CA is a heavily regulated state and I’d much rather do everything by the book!

Maybe in over taxed and regulated areas like California where many people are moving away from.