I have 17 years of corporate RE and compliance experience, so the LIHTC reporting and annual financial audit does not scare me.  

My understanding of the current text messaging compliance is that it's OK to send unsolicited texts as long as you don't use some kind of software/automated technology.

Not being in the hard money world myself, there's also a bunch of compliance stuff that would need to be worked through that I don't know about.

I assure that is the conversation in those board rooms "ah, almost feel sorry for the suckers, but hey, business is business". 

However, professional remediation is essential for quality results, complete documentation, and assurance that the job meets industry standards.

People selling "structure" somehow forget to mention yearly compliance costs.  

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow. 

The compliance on these can be tricky, tread carefully or work with experienced funds.4) Death - Nothing is certain but death and taxes.

In the last few month we had 2 visits of officers from the Special Enforcement office, the first time I spoke with them they said they were just trying to see the airbnb listing to make sure it was in compliance with their requirements, I had guests in the room and I didn't let them in.

This often comes as a huge surprise very late in the process of a sale.Sure, the title company may have screwed up (they may have even listened to the borrower assuring them no, I don't have a 2nd) but ultimately the debt is for the original borrower to pay.