Society enforces ethical conduct better than statues in real estate, you will be shunned, black balled, Realtors may refuse to deal with you, there is little honor among thieves who my be your last associates.

One thing I do repeatedly is to mix ceramic tile that mimics marble with real marble.

I am not a lawyer or CPA, but I am very familiar with LLCs and separate tax entities;  I am not aware if there is a federal statue regarding how long the money must be in the LLC before it is recognized as the LLCs "own money" so to speak.  

Of course, maybe the toilet seats are gold plated, and he puts in marble floors, but....So, has anyone bought properties from this guy?

In one day I had drive to 12 different Homedepots to try to match the Marble stock that was running low for our Master BA....as you pros are well aware you can not do marble floor in two steps (especially white ones) it is almost a must to finish an entire surface the same day..... what a pain in the a##.. that was!!

Read the compiled statues for employment rules...

A non-accrual note does not add that interest to the balance to charge interest in the next period unless otherwise is stated, that interest does become part of the balance due over future periods until, by statue or regulation, it goes into a non-accrual status where interest is no longer charged. 

Allure flooring, "premium" vs. regular carpet, marble vs. subway tile backsplash, etc.

I'm partial to agreeing with you, he seems to think that because of the type of fun (debt) and the initial amount (under 20m) that my state requires RIA status (but filed under exemption for the SEC)... but further reading of the statues, the state requires this if the advisor generates a fee (are they maybe counting that as a fund management fee?)...

Attorney’s, courts, are still interpreting statues by case law, you can look at some of these on the internet.