They also shared templates that you can use to analyze deals, checklists for closing on a deal, and more practical templates.

It depends on the state laws where the property is located.

I also have no intention of investing in rental properties in the UK no more due to a lot of horror stories and potential new changes in laws, which is why I am very eager to explore the US rental market.I am not a US citizen, my partner is and it will be a joint venture.

Here's the actual law with the important part underlined:§ 55.1-1251.

I work with dozens of investors who have done 1031's into the souther/middle part of the country where the price points are much easier and the laws are more friendly.

That leaves millions of middle-income Americans with little choice but to keep renting, helping to keep overall rents high.Some cities and states are enacting new laws to aid tenants facing eviction.

My father in law had purchased one of those for about $40,000 before he died.

I thought there was a law that required for me to get a copy of it and also of my credit report that they were using as the basis for the loan.

They work in a very grey area of law and don't know anything about the law. 

I think you should work in the franchise like your father wants.Learn the business, what if you worked as many hours as you can, work 80 hours a week or even work 100 hours a week (child labor laws might limit this ????)