Gennie Mae was very critical of the FHFA which is the regulatory agency of Fannie Mae and Freddie Mac, due to the fact that FHFA will only back stop owner occupied purchases and no cash out refinances.

My first thought is that at least 15 people were in there.Maybe this a common practice (to pile as many bodies as possible) to share the cost or big extended family, especially given that the holiday rate was probably peak.If this is also common for smaller 2-BR/1-BR cabins, why not just get older cabins for 100k less since the renters aren’t going to take care of your property?

It's not the issue of the vast amount of information about notes and security interests so much as it is with related areas of finance, then to legal compliance with 50 different states and sets of federal laws that are anchored in various agencies, from the Department of Agriculture to the SEC, regulatory issues from a dozen different angles.

Another stop is your local Housing Authority, they have the stats on low mod housing inventory and HUD regulatory aspects that can be applied, they will work with other city offices to improve areas and the inventory of housing.Form a neighborhood watch, have the city post signs.

Through-body porcelain tile costs barely more than ceramic for the materials, the same for the install, and is far more durable. 

The unit isn't rented until you have CASH IN FIST and a warm body in the unit.

Failure to understand the breadth and depth of regulatory control. 

For the most part, private business transactions are exempt from regulatory oversight, not just lending but business.

Every able bodied person comes with a dishwasher at the end of each arm.

Not even enforcement or regulatory agencies?