Few applicants familiar with county and state mandates pushed by local politicians are likely to voluntarily disclose information about convictions, felony arrests, or bankruptcies.

Have you thoroughly read the recorded Declaration and Covenants for the parcel you are considering?

It's a win for NAR actually IMO (they avoided potential bankruptcy if they didn't settle and lost, and the fine isn't really that much for them.

I doubt the OP will be able to meet either requirement.As I understand it, personal bankruptcy is reserved for people who are insolvent or on the road there. 

A few years earlier in 2012 I had filed for bankruptcy and was just now eligible to buy a house.

From what I can gather, whatever they pay in interest during the year I would declare as interest income on my taxes (and issue them a 1098?).

Sadly, I've seen this happen where a company spends time and money to get a judgement, then files a garnishment on their paycheck, and the person just files bankruptcy. 

When faced with rising expenses, and let's be fair, skyrocketing expense growth, right, a business has 3 choices; (a) eat it and ride into bankruptcy. 

It's just far better to bring the loan current or pay it off or file for a "clean and honest" bankruptcy to stop the foreclosure.

If you shield your properties into LLC your personal Dept to income ratio will improve but the lender can still ask for PNL of the LLC or declaration to check if it cashflow positive.I would find a lender who is working with investors and would count all your streams of the income.