The regulatory environment is different from one area to another so the degree with which city water/sewer is superior is different depending on where the property is.  

Pros:Faster process: Private money lenders may be able to move more quickly than traditional lenders, as they are often more flexible and may have fewer regulatory requirements.

BTW, FHA loans are not the only loans that get reviewed in sample sets - all loans at any Mortgage Servicer are subject to review on demand by the regulatory agencies.  

A Illinois landlord should only consider remarks or advice from other Illinois landlords when requiring clarification on their state regulations.Any landlord providing a response to a specific regulatory matter is only providing comments as to how they operate in their regulatory district.

Yes Shaun, asking for a lender, technically is soliciting funding, but I seriously doubt any LEO/Regulatory would be chasing that ad down as you can certainly claim that you're looking to registered lending entities or brokers.

What the regulatory agencies are looking for is the "intent" to work the issues out with the mortgagor. 

I began public speaking on this matter and became a co-Chair of the Regulatory and Ethics committee.

I recently started a closed Facebook group to teach people in our REIA how to safely lend their own money on deals to others in our REIA to promote investing activity and I'm not worried about the law coming down on me for teaching this to others without a license or brokering it out for them if that's what they prefer.It's very difficult to get any help from law enforcement or other regulatory agencies even if you do collect money nationwide from people to scam them or to legitimately broker it, whether you have a license or not.

We even got a new regulatory agency out of it all!

In the end Im not interested in spending time "proving" it, I just want to ring to take a situation in which NOONE from a regulatory aspect even ask a question to at least making someone ask questions.