As a transactional funder I require a copy of the C buyer's ID, usually a driver's license, in order to verify the signatures on the C Buyer's contract.

Driver around all the streets and look for vacant houses.

Driver around all the streets and look for vacant houses.

In California we have pocket cards that show our licensing info, if your state does, ask to see it, and ask to see I.D. such as a driver's license etc., to make sure the card belongs to the person you are talking to.

Is that the same as an unlicensed driver?

If you disagree with an IRS ruling with your case on a grey area then you might have to fight it out in court.Another issue is loan fraud.If you state getting a loan that you plan to occupy the property and sign documents at closing and the lender feels you violated this agreement they can come after you.The whole point of the 20% down for investment is research shows that when times are hard the owner will dump the investment property first and protect the primary where they live.Lenders know this and with 20% down even with foreclosure they can recover most of their money.When you live there versus a renter in many cases you will keep up the property better.You also mentioned a license.Are you talking a real estate license or a drivers license??

Full name, DOB, Drivers license number, and social security number3.  

He also runs a trucking company with multiple drivers and rigs owned free and clear. 

Lender provided the copy of Driver's license of the receiver of the funds.Can I assume that this is safe transaction ?

Your tour driver, Elpidio