I'm of a similar notion as Andrew; make sure you thoroughly document the status of the interior (photos, video, etc) and make sure that your actions are compliant with your state landlord-tenant laws; sounds like you've given enough time as far as providing notice and when the police were able to enter the unit as part of that eviction process, you have to now look into storing the prior tenant's items in a way that is in accordance with local abandoned property laws.

Delaware Statutory Trusts and Tenants In Common are the two main venues for this type of passive investing that is 1031 compliant.

They are the firewall between lenders and appraisers to make sure everyone is compliant with federal and state regulations.

When the regulators get their act together, Dodd-Frank caused a huge learning curve for them too, and they get into the swing of enforcement through out the system, I think you better be compliant. 

Dough that the average wanna be Bper wants to somehow start to make, the whole reason I exist to them is to keep them compliant with state regs.. they don't want to take the chance of getting shut down.. just takes one complaint..

If not, you need to bring one in to stay compliant and avoid the usury.You may want to speak with an attorney familiar with lending.

If they've been in the business awhile and have closed enough transactions, they ought to have the basics down, so I would expect to hear from that agent only when something weird comes up, and they need to know how to handle it and remain compliant with license law.

@Chris SeveneyI will typically place a higher valuation on Dodd Frank compliant (Bank/MLO) notes over CFD’s.I’m actually in process of offering our CFD borrowers with the option to convert to a Mortgage and Note. 

Where can I find information on investment money for R.E.and how to stay compliant and out of trouble with the SEC?

Oh, I remember the lender told me if we weren't fully compliant within DIRT...