It is listed as a corporation that is also a Self Regulatory Organization (SRO).

Point of my post.......marketing notes is not finance, it's not the regulatory side, it's not the basis of the paper game.

That will enable you to learn to deal with all of the utilities, architects, regulatory folks, and develop a relationship with a builder without betting the farm on a single project. 

Such would be asking the bank for the determination as regulatory authorities don't address inquiries directly with the public.

Comply With Other Tax and Regulatory RequirementsAdditional tax and regulatory requirements may apply to your LLC.

Not only have I been around the block, I stay current with regulatory requirements and the market so thanks for the concern, but I got it.

I would look at supply and demand, economic stability and potential and regulatory influences that can effect your business.

In today's regulatory environment, at least one payment should haver been made following closing.

A 2x4 might cost the same in Washington as it does in Memphis, but labor and regulatory conditions are site specific.

There are too many possibilities when your duties may / will overlap with who ever is managing the other part (e.g. plumbing, electrical, heat, water, sewer, garbage, landscaping, tenant complaints, security) regardless of who is technically in charge of these items; let the finger pointing begin.I don't have any specifics but generally speaking these kind of properties have extensive reporting requirements regarding the tenants  (e.g. certifying that tenant meets income requirements), units (e.g. inspections), financials (e.g. audits) and regulatory compliance (e.g. anti-discrimination rules).