A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

Unfortunately Good Cause Eviction passed last night in the city of Rochester, NY.I want to thank Council Members Lashay Harris and Michael Patterson for doing the right thing and voting “NO” on this largely performative legislation…that will only TEMPORARILY protect a small handful of city residents living in EXTREME under market rental units…But it will have broad and adverse negative consequences for the WHOLE community.

Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

There are thousands of pages on consumer protection laws and regulations that depending how you go about doing a subject to could be against these laws and regulations. so like most things - is itillegal - it depends.  

Warren Buffet said the most important part of investing is to protect your principal. 

So cant just jump to scummy and bait and switch..

However, since you’re switching to a commercial loan, this may not apply—check with your lender for specifics.Be aware of closing costs and potential prepayment penalties tied to your FHA loan. 

I'm thinking of switching to another title company but I'm not sure if that would just waste more time. 

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

They are not secured investments and you have very little protection outside of out right fraud laws.