There are disclosure statutes under state law under which you may have a valid claim. 

If part of that agreement a QCD was made as a DIL (which is not customary) you could have that issue raised.That disguised sale or under state laws a foreclosure may be required.

@Jason Rhodewalt - FYI - Rancho Cordova falls under state rules and there is NO minimum lot requirement under those rules.Here is a link to the handbook. 

I suggest you limit the report to the lack of real estate license for somebody who was engaged in activity (leasing property for others) where a license would be required under state law.If the investigation discovers she has no license, then they can pursue her for that.Tha lack of professionalism, unfortunately, is more difficult to prove as a criminal activity.

It’s about understating the fundamentals of an asset which will drive value in the future.

Under state law, if a septic tank malfunctions within the City limits and sewer service is available, the homeowner must connect to the central sewer system. 

., provide the docs so the neighbor isn't understating the revenue).

One can't understate how important compressed cap rates have been to multifamily's success over the last number of years.

The requirements for brokering existing notes will be covered under state residential mortgage broker licensing requirements, with the exception as previously noted of California and NY where a real estate broker license is required.

Or overstate/understate?