Dept of Finance, not only do dealers in RE have the DF Act to contend with, you'll also be considered a residential lender, I suggest you call them, explain exactly what you want to do and don't try loopholes, they will tell you if you are compliant!

If this property meets your target ROR then it's a contender.

Hi Roy,I'm actually looking at doing something similar, and was wondering if you could elaborate on the potential security regulator issues I would be contending with or point me to a good resource for this? 

Make no mistake,  love what I do but I've become a contender in the rat race.

Sometimes it's easy and sometimes there are minimum lot sizes, set-back restrictions, etc. that you have to contend with. 

It should contend the average close time of a loan maximum amount you qualified for.  

I am just a beginner and haven't actually done any flips yet but am a serious contender. 

With a heavy-handed new law that is the first of its kind in the nation, Seattle has set its regulatory crosshairs on landlords, attempting to police their inner thoughts and eliminate the possibility that their decisions could be motivated by "implicit" or unintended bias.Known as the "first in time" rule, the mandate forces landlords to rent to the first qualified applicant, rather than choosing the best fit from among prospective tenants.Sponsors contended that this unprecedented restriction is needed because traditional anti-discrimination laws do not protect against unconscious prejudices.

Seeing that no efforts were being taken to pay the debt, we contend that N*********** was acting “validly within her scope of authority” to transfer the properties.

Spill the beans as to what you want AND the funds you have to close with.The agent will NOT be thrilled it you're looking for Wholesaling or Creative financing, but if you can close on a normal commercial LTV, you will be days ahead of other contenders.