More often than not, through discussions, they knew I was a mortgage company, past bank examiner, knew what I was doing but it boiled down to "Bank Policy".

pass on accountants - - instead, find a CPA who, by definition, passed an examine and will get it correct on the first pass.

It is conceivable that upon examination you could be construed as taking profit out prior to sale.  

If plans are to flip the property then examine the comps carefully.  

its very helpful and is helping with all my nerves and fears. wishing everyone good luck !

Also, if you are having doubts about your tenants, you should examine your tenant screening process with your PM.

Think recent felony convictions for murder, rape, theft or drug manufacture or distribution.But blanket statements regarding arrest records might get you into hot water.HUD is recommending that you examine each tenant on a case by case basis.We've been having a lively in-house discussion here at BiggerPockets, and @Brandon Turner said "HUD wants us to look at each case specifically and decide if it was ‘bad enough?”

With regard to Reg D offerings, the regs seem to indicate that holders may transfer those securities to non-accredited investors after 12 months.An important thing to remember why questioning "why this system is the way it is" is to examine the SEC's mandate--that is, investor protection.

I can see where this could be an open book question on an exam in law school or a CPA exam and there is only 10 minutes to answer it before moving to the next question. 

I am going to cross examine a couple of them to see if I am missing anything.Thanks.