Just make sure you do follow the rules of your state and make sure your contract is compliant with the states rules.

Look at the TREC (Texas Real Estate Commission)website for current & compliant forms for Texas

HOA fees, many are non-compliant for financing, many are stagnant in appreciation, many have special assessments, you may lack control even if you are 'active' and on the board, tenant quality is generally not as good as other assets types, HOAs can be easily mismanaged, many have polybutylene piping, on and on.

self dealing is against the ethics of Realtors group and could be very well illegal n your state file a compliant,you don't have to prove it an investigation will yield results

He will also has to prove to be PCI compliant.

I want to stay compliant for sure but I would also like to start getting it out there so people know what I am doing and like @Sam Amir mentioned, don't see a tire kicker.

We didn't want the risk and that was compliant with our insurance.

Yes, you absolutely should engage a Mortgage Loan Originator (MLO), ideally one that has closed Dodd-Frank-compliant owner financing deals before.

If you are creating a business nexus in another state, you will want to have registration in that state to be compliant with state law and have access to the courts of the state.  

Additions may take place a s the project progresses like finding mold or bad piping or electrical that requires upgrading in order to be compliant to current code.