That said, certainly a step in the right direction and you have more regulatory experience than I do on related matters and many other origination issues can be cured through the same method.I think that the licensed party missing in the beginning, which negotiates terms between the Seller/Mortgagee and Buyer can be replaced later as the terms didn't get negotiated.

The DC Council is currently reviewing a bill that would create a regulatory system for short-term rentals, such as those found on Airbnb and HomeAway.

Unless there is some sort of other consideration such as additional collateral, etc. these small, aggressive banks are not around long or come under regulatory scrutiny with a cease and desist order. 

You have to be aware that deal types and structures that once where in vogue can have the regulatory and legal risks change and are no longer practicable.  

I have little real experience with the real world of regulatory items and navigating getting work done, but one thing that did strike me as very peculiar was what appeared to be the lack of consistency in how public records (for instance sale data) was provided. 

The "lingo" is different, what the investor may call wholesaling the Realtor may call it a net listing, so investors need to know the lingo used on both sides of the table.Investors as a group have no rules or regulations or ethical requirements (besides acting lawfully) but Realtors are restricted by ethical codes, rules of a broker and regulatory matters at the state level.

I doubt there are any current books or much info on the topic that includes the new regulatory concerns.....but maybe there is...IMO, the best way to learn might be to go to work or assist a note broker as well as study.

As a landlord, you are liable for any failure to meet your obligations (regulatory or contractual).  

Learn the state laws.FL Chapter 475.42FL Chapter 475.43If you need a lawyer try this guy:https://www.richardhornsby.com/crimes/regulatory/unlicensed-practice-of-real-estate.html

I'm sure people do it all day and/or know people that do, even on this forum but that doesn't make it legal and doesn't mean that its actually done.If the lender becomes aware and does not take appropriate steps with the homeowner to right the wrong, the lender can be scrutinized by their internal and external auditors and/or regulatory agency.