she did the job we requested in the first place - provide us with an "as repaired" appraisal - and that did modify the value, however, she did not relent on the MS downgrade.I have all parties on my side, except the mind of the appraiser, but because of the regulatory changes in the past year, the bank's hands are a bit tied on this...I love my banker (she's a VP in the community bank where I do my business - they currently run about 7 branches, so they're medium in size). 

Loans do require regulatory compliance.

With a LLC you'd have to have the regulatory contact (or however your state terms it) be a 3rd party like a lawyer.

This is not why wholesalers don't want a license, it's because they would have to answer to regulatory agencies when they screw someone over.

And of course when coupled with a lease... that's a whole new regulatory mess, so much so that that the NC legislature got involved to put in minimal rules for 'legal' lease options.

There are probably regulatory issues (it's a nightmare in banking) that would prevent them from partnering with local investors, but even if there aren't, banks just aren't going to be interested in partnering with an investor to get high dollar on their REO's.

Regulatory Compliance:Be aware of securities laws and regulations.

But they should be able to steer you through the regulatory minefield and help you craft the best strategy for your unique situation.

It is advisable to do your due diligence and ask about such things as how long have they been in business, are alternative assets their sole focus, are they BBB accredited and rated, are they a regulated financial institution, have they ever been sanctioned by any regulatory bodies, how many accounts and how much in assets do they administer?

I and Tim Williams, of 21st Mortgage, formed a Dodd-Frank Task Force to deal with all the new regulations and the CFPB which every other major manufactured home chattel lender joined and helped to fund.Not all attorneys are experienced at regulatory law or even qualified to address these issues even though some of them act like they are.