In order to qualify for the "housing for older persons" exemption, a facility or community must prove that its housing is:Intended for, and solely occupied by persons 62 years of age or older; orIntended and operated for occupancy by persons 55 years of age or older.In order to qualify for the "55 or older" housing exemption, a facility or community must satisfy each of the following requirements: At least 80 percent of the units must have at least one occupant who is 55 years of age or older; andThe facility or community must publish and adhere to policies and procedures that demonstrate the intent to operate as "55 or older" housing; andThe facility or community must comply with HUD's regulatory requirements for age verification of residents.The "housing for older persons" exemption does not protect senior housing facilities or communities from liability for housing discrimination based on race, color, religion, sex, disability, or national origin.HUD is ready to help with any problem of housing discrimination.

I would recommend that the Attorney must be: In the state where you are planning on Wholesaling.A litigating attorney.Experienced with the agent’s/broker’s regulatory board for your state.Familiar with Wholesaling, if you are explaining Wholesaling to them they are the wrong attorney.If they are also a licensed broker, that is helpful but not mandatory.You will spend $150 to $850 for their advice and it will be the best money you’ve ever spent.Emotions and conjecture on the topic of wholesaling vary widely.

If they attend all of the segments, they will have invested over $20,000.00 in registration fees alone.The point is, regulatory compliance is neither simple nor inexpensive any more.

A call to The Colorado Dept. of Regulatory Agency's, a complaint filled out and I soon had the renters $750 back!

A couple of google searches or phone calls to your State/Local regulatory agencies.

Those that read statutes (trying to find loopholes) probably haven't studied regulatory law or administrative law, which is much different than Perry Mason law.

For example lowering the regulatory burden on small banks may increase their ability to lend.

https://www.socalgas.com/regulatory/tariffs/tm2/pd...Or similar for local utilities....

If I would have seen a financial institution not doing a global cash flow during my time as a financial regulator, I would have criticized the lender for unsafe lending practices.

After that, I strongly suggest doing a great deal of due diligence on the regulatory landscape of the market you're looking at.