To do this we have several regulatory law firms on retainer to help us understand issues and to review educational materials we produce.That stated, it is important to understand that what may work in one state, may not work in another, so what can or cannot be done in Wisconsin is not the same thing as exists in the bordering state of Illinois.Here are some things to consider:Licensed lenders (meaning a state licensed lender with at least one MLO on their payroll) and depository institutions cannot legally partner with an unlicensed entity, but they can enter into a joint venture relationship that has many compliance requirements the lender must do, and compliance requirements the lender must require of the third party.It is a violation of federal law to artificially increase a price in order to hide fees or other requirements under several federal laws. 

But the inconsistency in timing (3-6 months) indicates it isn’t regulatory, which brought me here for the collective knowledge of the BP community 🧠

For what its worth, I've seen an entire industry of folks put up fights with the SEC on arguing that something isn't a security--many of them have since spent a lot more time and 10x more on defense attorneys than if they'd just... acquiesced to regulatory jurisdiction.

I know some realtors sell and manage properties but property management requires a different skill set, education, and regulatory/legal compliance.

You might also access your state regulatory website to see if they have a list of basic guidelines.I'm guessing you are in PA, so give this link a shot as a start. https://www.parealtors.org/nar...

Also no oversight, regulatory body or disciplinary actions taken, so a name doesn’t necessarily equate to being reputable and you really have to look out for yourself, even with lawyers.

We are licensed and regulated because we went through a multi-year regulatory review and approval process in order to obtain a trust company charter. 

Identification of property will depend on location, demographics, demand and the regulatory environment you will be facing.

Outside of massive regulatory interference- like you get in a city like Portland, OR, or Berkeley, CA, you can make good money in most markets- and to be fair- there are plenty of people making money in those markets as well.

Toilets and Tenants is a great facebook group that will help answer local regulations and the person who runs has recurring monthly meetings with guest speakers on local regulatory changes.