So need to check those laws.

In fact, New Jersey law prohibits you from listing personal identifiers on the form. 

The reason is that one wants to be able to properly avail themselves to the laws and protection of the corresponding state where the property lies.

.: Quote from @Dustin Tucker: Hello Joelle, What are the laws like for landlords, how long does it take for an eviction to take place?

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

I don't see a national rent control law ever coming into law - aside from the fact that there's just no need for it, there's way too many things working against it - Congress, constitutional law, lobbyists, etc.

You need to really learn these laws if you want to start a partnership where you make the decisions. 

If the project is in Canada then I would look to an attorney that understands international law as it could be more complex.Personally for something along the lines of what you are doing I would look to partner with another developer vs trying to raise the capital as that will be less labor intensive.

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.  

Keep in mind that while there is an exemption to the Fair Housing Act.....most states that have a state level Fair housing law do not typically provide the same exemptions as the national law.