If you invest through an entity - what is the best structure.If you invest through your own name or through an entity - do you need to apply for an ITIN(Individual Taxpayer Identification Number)If you sell the property - there is potential FIRTPA(Foreign Investment in Real property Tax Act) concerns.Work with professionals to make sure you are compliant.

@Cynthia Miller I can feel your pain, I've done a lot in Detroit from businesses to rentals, and they do make it very tough to go by the book even if you're trying to do the "right thing" and be compliant.

That is with all things in real estate development, you should run this by your architect, once you hire someone, to make sure that you are compliant with the building code requirements.On a small project, like this ADU, we typically utilize the services of an architect to design the entire project, including any civil engineering scopes of work.

I highly recommend against even a "casual" suggestion that such an area could be used as a bedroom unless it is fully compliant!  

How do I remain compliant with Local, State, and Federal Law with regards to disclosures (Agency, Broker ID, etc) and still remain powerful as an investor3.  

I would also initiate the refinance process at the point where the duplex is compliant with lending guidelines to get the process done with less interest to maximize efficiency.

Also, if this is the only one you will be doing with seller financing, you still need to verify their ability to pay, but are not required to use RMLO to be Dodd Frank compliant.  

Be sure to check whether your area has required AFCI-compliant wiring.

src=/program_offices/housing/rmra/res/respafaq#TEMIf you believe you are correct and the servicer is not compliant you should start a paper trail of complaint per RESPA Section 6.

Reputation counts in RE.We have not seen the impact of this Act yet, but issues may arise from:Bankruptcy by the seller or buyer, death and estate issues, interest must be documented to the IRS and agencies could check there, foreclosures being contested, notes being sold and purchased that are non-compliant, as well as other issues....We have no idea what the ramifications will or might be.