What he's wanting to do is at best misguided, he is misunderstanding the laws, or hopes no one will question his authority to do that.You need to know that in most states, hoa boards are almost totally unregulated, so if you don't stop him, he actually could get away with this scheme.

This is a huge opportunity to fill a gap that will be entirely unregulated and if not filled by men and women of good will then it will be filled with thieves.Also people here... like the short sale buyers... and the loss mitigation people should form teams of HOPE/ HELP people and take this direct to the public and actually help.

An investor would have to be crazy to turn over that kind of money to an unregulated individual or company. 

I do take issue with someone claiming they somehow "rank worldwide" or have achieved some sort of certification in SEO, in such an unregulated industry.

"Why would a regulatory agency who believes all lenders to be evil, want to create a way to allow a lender to operate, even on a small scale, unregulated?

@Ari Dehbone here are the areas in SoCal that allow for Non-Owner Occupied short-term rentals (NOO STRs for short):Palm Springs: 36 total stays/yrFullerton (near Disney Land)Laguna Beach (non-residential zones)Huntington Beach (Sunset Beach area as long as you apply before 3/1/22)Santa Barbara: Inland (NOO in commercial zones and STR-Coastal Zone Historic Overlay Zone), Coastal (NOO unregulated, but court ruling allows for it)Joshua TreeMalibuBig Bear Lake (92315 zip code)Newport Beach (R-1.5, R-2 or RM Zones)You'll have to do your research on specific properties for cap rates and cash flow, but these are the areas I would look in.

I know; not everyone will listen and/or agree.All too often, in the mostly unregulated world of flipping, wholesaling, contract assignment, etc., it seems these ethics do not apply to everyone. 

Unregulated tanks do not have to be removed and in a competitive market, lenders will not want to impose costs on a borrower that would make then uncompetitive. they make $$ making loans, not turning them down. 

There is no question in my mind that local zoning laws are a core cause of housing shortages but unregulated STRs are not helping.

Note in NJ, heating oil tanks below 2,000 gallons are unregulated though landowner can still be liable for cleanup.Sometimes closure in place is appropriate where excavation could undermine building.