You can be subject to a possible prison term and fine of up to $10,000 for providing false information.

Developers are notorious for pulling the trigger too late in the economic cycle...  

Financed SFRs are notoriously difficult to cash flow right off the bat in many markets.

@Wally Katz I think you will likely end up in prison...but not positive on that one.

The goal is to make it look much less like a prison...

An attorney I personally know was involved in a real estate transaction and he just went too far, he  was in his 50's and he'll be in federal prison for the rest of his life, in fact I heard rumor that he didn't survive.We have two other national profile attorneys giving classes on "systems" mostly very good, but neither one are totally correct in the financial arena. 

FYI, anybody that does some research on the area will find out that we are notorious for unpredictable wells.  

Auction companies like Hubzu and Auction.com are notorious for this.  

He now owns the Cor Company and if you do a little research, you'll find he pleaded guilty to bank fraud and served a prison sentence for it in the late 90's. 

FinCEN and OFAC violations carry long prison sentences, along with serious fines.Back to the question of de minimis in lending.