The possibilities are endless depending on your state legislation.

This would have a negative impact upon the same consumers that the Anti-Predatory Lending legislation is supposed to be protecting.

You can still charge an upfront fee in many states but the states with the highest foreclosures may have some legislation requiring you to be licensed.

I was able to locate this, which may imply an exemption under the FONCE statute:On June 25, 2009, Governor Bredesen signed into law legislation changing the types of income that can be classified as passive income for purposes of determining whether a limited liability company, limited partnership or registered limited liability partnership can qualify as a FONCE (“family-owned non-corporate entity”) and therefore be exempt from the Tennessee F&E tax.If you own or have a financial interest in a FONCE, such as a limited liability company, limited partnership or registered limited liability partnership, this change in the law may cause the Company to become subject to the F&E tax unless changes are made in the way the Company is organized.To qualify as a FONCE for the F&E tax exemption, your Company must receive substantially all of its income from passive sources.

And... don't even get me startsd about legislating from the bench!!!

That is why I believe using a corporate trustee is the best way to do it especially for longer holds on property.The attorney we use to legally review these land trusts up that is all they do and do it on a national level so they review all 50 states state law as it relates to LT legislation to be in compliance.

Here is your linkhttp://www.ilga.gov/legislation/ilcs/ilcs4.asp?

And then - it depends on the city legislation.

Ontario laws are typically in place to protect tenant rights but I’m having difficulty finding much legislation on this particular issue.  

There's also been legislation introduced that will dictate what comps an appraiser uses.