It's also worth checking with your IRA custodian or a tax professional to ensure compliance with IRS regulations.

I agree with you that an actually regulated REIT is a much safer choice for someone with no experience.

As long as you stay 100% business-purpose (i.e. no live-in flips or anything sniffing of owner-occupancy), the NMLS/regulations do not apply in most states and you will likely be good on the regulatory piece (as always, there are exceptions and you should always consult with a pro/research)

Additionally, for rate-term refinances, many DSCR lenders have no seasoning requirements at all.Easier qualification: DSCR lenders have much lighter qualification requirements than conventional or portfolio lenders, such as no DTI, income verification, or tax return hurdles that can slow down or disqualify loansFlexibility: While conventional and bank lenders are heavily regulated and follow standardized rules, DSCR lenders have much more flexibility and control over their guidelines.

We do our best to minimize the impact of the negative through education and regulation. 

So a 3 bedroom apartment 7 people can live there if they are related.Unrelated people generally will need to adhere to local regulations on unrelated people.

Seems like the tide of STR regulation in Colorado is in the direction of restriction not permission.

FTC, California DFPI Case Leads to Ban Against Operators of Mortgage Relief Scam Home Matters USA | Federal Trade CommissionOffering to buy their homes and "Save their credit" or "Save them from foreclosure" could innocently put you in the state or federal regulator's crosshairs.

@Humberto Valle you can look at HUD rules on manufactured homes but apart from that you want to look at your specific state regulations.

Any risk of regulations kicking in and making your life tough?