The current C/D is a mandatory form under state and federal law (every state).So, until states and federal regulators mandate forms for private/hm lenders, you won't see it.

As you get further away from standard real estate practice, the risk is increased by a “legal” risk that your protection may be interpreted quite differently than you expect by a court and that the subtleties of the protection a mortgage or trust deed document provide with established law and court decisions handed down for (in the U.S.) 250+ years is not existent. 

This is a concern given the new law in FL requiring an engineering survey by December 2024 and funding of reserves.

I understand the laws about service animals and ESAs.

What’s far more important than the specific strategy someone utilizes to gain an advantage as a real property investor is their (1) knowledge of real estate principles, law, and finance (2) experience and (3) capital and credit capacity. 

This is to accommodate for the limiting supply resulting from the law and increased risk of not making money.  3) the “greedy” landlords will be blamed.  

3 of my faves when I was active for entity structure,  contracts and landlord-tenant have retired but Ryan Feeney of Overcast Law was very good with landlord-tenant matters. 

It is a nightmare evicting deadbeat tenants, so when they are out I will only go back to AirBnb, short term rentals in the future as Vermont has laws very favorable to annual leasing tenants.

Raj Good afternoon @Raj SinghCongratulations on your recent acquisition.Every state has different tenancy laws, so be sure to follow CA's laws. 

Now new real estate investors or those who want to invest think they need to "build a team" in order to buy their first SFH.If you aren't handy, don't understand construction/PM, lending, insurance, and real estate law then that needs to be your focus.