I'm looking forward to connecting with like-minded individuals, learning from your successes and setbacks, and growing together as a community.

Legal and Regulatory Considerations Thanks in advance for your help!

Everything I have read has warned about licensing/regulatory issues only if I am lending to owner-occupied.  

Now you're operating a triplex, essentially, with 2 income-bearing units, even though the street might be zoned for SFH only, and it's totally legal (assuming appropriate setback etc etc).

Still have to check setbacks. 

In the first quarter, the fund was hit with $1.3 billion in withdrawal requests but satisfied less than $500 million of them, according to regulatory filings.Even with these limitations, the fund’s liquidity, consisting of cash, marketable securities and a bank line of credit, has been drying up.

First step is to check with the city or county to find out what the zoning is and the allowable uses are and what is required for development in terms of lot coverage, setbacks, height restrictions, utilities, access easement, parking,  etc.

Hey Sang Ji,Great question, and the answer is that it’s totally up you.While it’s possible that future regulatory changes could bring back 100% bonus depreciation, there’s no guarantee.It may be better to take advantage of the current depreciation rules instead.If things change in the future, you can file retroactively using form 3115.

The regulatory environment is also a key factor for me as a first-time investor. 

I'd consider myself in line with an "Accredited investors" since I work in the regulatory finance industry, and have worked at a security regulatory authority empowered by the SEC.