So for seller financing, I have no worries about any D-F compliance or SAFE Act compliance, from strictly a 'can I do it' perspective.

they all take forever, theres no such thing as a lender that doesnt drop the ball i swear ive done 10+ deals and every one of them ive tried to find a better lender and they all suck and are never accountable...its always an excuse "oh my underwriter needs this, oh the appraisal never went out sorry, oh the appraisal is 3 weeks backed up, oh the underwriter is on vacation, oh man its all because of dodd frank and these dang compliance requirements back in the days it was soo much better"  its like they have a Rolodex of excuses everytime.I have all my papers and docs in place always and have the fastest turn around on any request but even then it takes foreverno offense to anybody thats a lender, but i just feel like generally speaking they are not transparent and are in the business of nickle and dime-ing and are fairly dishonest about things possibly by design.  

Then the city's department of Property Standards will do an inspection of the property to ensure that you are in compliance with all of the rules and regulations for rental properties in Aurora.

Does anyone have thoughts on how this could be structured to be in compliance with IRS regs? 

Throw in some tenants or pressing code compliance issues or a fast approaching foreclosure date.....it's a lot to manage when you technically don't control the property.

Commerical purpose notes are Notes that HML use.. will say it right at the top.. this to make sure they are not confused with owner occ Dodd Frank compliance notes.2X 3x  is like commercial lenders who want a 1.25 or above debt coverage its my simple way of sayingif I have a note that is 25k in first position paying 10% a year or 208. a month.. and the rent coming in on the property is 750 bucks  which is common in my world.. you have a greater than 3X coverage this makes for a VERY safe first position note.. not many landlords even if they miss a month or two of rent are not going to keep a 208.00 payment going and lose their property  would you ???? 

So the sponsors have to hire their own lawyers and accountants to keep the plan documents in compliance??

The house was set to be demo'd by city, tax sale by county, fraudulent probate claim by son's Mom, a dirty attorney, a bad judge, a city attorney, code enforcement and bldg depts who don't talk and require conflicting compliance. 

Be advised that Sense Financial is a compliance and service provider but not a custodian. 

How will you ensure regulatory compliance?