C Corp and S Corp tend to get double taxes (tax income, than tax salary/dividend distributed to you) and have much higher overhead costs to stay compliant.

Be compliant with lending regulations and stop trying to squeeze by some law by defining what you do as not being applicable.

If the property didn't stay compliant, what happens?

If other people's money is involved you need to make sure you are compliant with securities laws.

Utilize a RE agent if you must but make sure the tenant is compliant with YOUR screening criteria.

The point is, you will need help to be legal and compliant.

In essence, this person makes sure you have a "BRE compliant file" as there are certain documents required when you buy or sell a property in CA and are a licensed agent.

Hopefully, you have CYA letters and letters/contracts that have been reviewed to be compliant with the laws in your area and don't have to worry about that.

he says carrington, deutsche bank and a few others are much more compliant, so he sticks w them.

Some was.Here is an attempt to clear the record.To be in total code compliance, you must either:- Install 2 prong outlets- Install a GFCI receptacle (3 prong) marked with the sticker that comes with it "No ground present"I must confess, without doing further research on the GFIC breaker suggestion, above, I am not sure if it is code compliant or not.