@Joe CapobiancoThere's several things you may want to examine more in your scenarios.1.

The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high.

In the end after learning the ramifications of what  they were suggesting they quit doing financed contracts.Financial  compliance isn't a prerequisite for law school to my  knowledge, I'm not an attorney, but a past Federal Bank Examiner. 

Hey biggerpockets community,I just finished my 60 hour education requirement to take my Real Estate exam in Pennsylvania.

Whenever you go to a doctor, of any kind, for any condition, he will follow the three-part sequence of examination, diagnosis and prescription.Unfortunately, most new investors do it backwards.

They should get appraisals and thoroughly examine all of the possible uses of the land and structures.

Absolutely get a title examination, is this a purchase money loan, the LLC is buying it, or is it rehab money or refinancing?

He literally went to homedepot twice, and examined these two pages for 1 hour. http://www.homedepot.com/p/Unbranded-Brookhurst-52-in-Indoor-White-Ceiling-Fan-YG268-WH/205316898 http://www.homedepot.com/p/Hampton-Bay-Glendale-52-in-White-Ceiling-Fan-AG524-WH/204175447Can everybody tell me whether you ever invest any time to figure out pattern or model of a ceiling fan?

Regulators will examine a matter with a top down approach, looking at the big picture and bore down to a specific activity.

It makes it cleaner and neater for future audits, I say that as an accountant and auditing examiner.