Our bank did say the 60 day rule wasn’t really enforced though.

That sometimes catches people via a news story or law enforcement site.Question: if their felony arrests are disclosed, why are you still looking into them? 

My take is that predatory practices and threats must be controlled, and housing quality must be enforced.

My concern would then be - if I did move in the new(er) trailers to the park, how enthusiastic might that make the local codes enforcement folks, per Jim Johnson's example above.

You can brag how your Sub2 are all great grand and groovy but fact is your 1 event away from a forced liquidation event. 1 court ruling on Sub2, 1 event where lenders do look-backs and enforcement, your goose is cooked.

Quote from @Linda Roberts: If you have something in your lease agreement, you should understand it and enforce it.

One of the most experienced fix-and-flip lenders in DFW approved and funded the transaction and is also exposed and anticipating losses.At a hearing with the city Femi makes the following claims:Shows a general contractor bid for $20,000 to fully restore the property.States the foundation is good.The big issues appear to be from code enforcement’s discovery of a full rehab taking place, including electrical work, all without permits.

They have enforcement powers that I just don't have.

The Attorney Generals office which was tasked with this, and already had a guidance memo that wholesaling was unlicensed brokering, did not have the resources to pursue the subject.So by requiring that the act requires a license, shifts the burden of enforcement primarily off the AG's office and to the MREC, who has a narrower of focus of protecting the public in matters regarding real estate.

Coast Guard, specializing in Federal Law Enforcement and Emergency Response.