In act Arizona issues 4 different categories of mortgage broker licenses.That said, there is a carve out or a seller financed property, but as I recall the limit was 2 in any 12 month period.However, as of 2014, when I last checked, the penalties for non compliance were nowhere near as harsh as the penalties under Dodd Frank or the penalties in a state like Texas where making an out of compliance loan on a homestead can result in loss of the collateral securing the note. 

Ashamed of being a owner.Trump has his name on Trump Towers..Rental is a Business not a  hobby.sounds harsh maybe, but my point is so is being a landlord, you make decisions they start , stop with you, your responsible, and your the one that's going to have to represent your self if you go to court. get sued, You don't have to be their friends,, that's not every a great idea,, but your the owner , manager, one whom set the standards of what they are expected to follow according to your lease agreement.  

Hey @Ian McDonald, not trying to come off harshly but my question is very basic, are you really ready for this?"

Haven’t lived there and understand the winters can be harsh but the upside I feel is worth it.

Harsh reality but it is.In my experience I quit my good paying job to become a real estate agent back in 2012.

I will be a little more harsh than others.

Currently, the regulatory environment in Austin for STRs is harsh and will get even worse if we get a new Mayor in the next election. 

I know again this is harsh.. but having funded this stuff since 2002 and started in Indy in 2003 and I work 15 markets I see this time and again and again and again..

I hope that didn't come off as harsh, I just don't want to see you putting your eggs in an unreliable basket.

This is going to be harsh but it's not personal and hopefully it will give you some insight into the business side of contracting from an actual contractor.