One thing I liked about his conference was that over and over and over he preaches to follow the SEC regulations or risk trouble for yourself and maybe the entire industry. 

I'm targeting small commercial multifamily deals (5-20 units) with a bias for creative financing to try to capitalize on my personal expertise on finance and also try to mitigate the challenging environment for traditional bank financing.

Good/interesting article from Mortgage News Daily that came out on Friday - sharing, lots of good tidbits about mortgage backed security bonds, the rate environment and where we may go from herehttps://www.mortgagenewsdaily....All that to say the market was ready for any indication that the Fed is getting close to leveling off the pace of its rate hikes.

This was a good enough deal that even with today's guidelines of 75% X 2500 = 1875 may still have worked too (a smidge off).So while the post is all rosey and rah rah there are somethings to consider in today's environment when utilizing FHA 3.5% down to purchase a 4 plex.

You can again qualify as an accredited investor, but I believe the law requires extra steps for an foreign investor to invest in a Regulation D project.

When I think of Chicago, I think of over-price, over-regulated, city of corruption (at least 2 politicians in federal prison I think) that's located in a fiscally unsound state.

Is there any laws or regulations I need to look out for?

In todays environment a yearly lease protects them way more than you. 

Thanks for the responses.I just wanted to make sure its not language/culture barrier that is causing me to dismiss some of these- that would not be cool for lots of reasons- but here in LA in the LA rent control/tenant friendly environment- MTR hosts are pretty paranoid (that is because as alot of you probably already know- 30 days creates a legal tenancy)Invariably though these people act weird, wont be vetted, never have reviews, etc., so I'm glad others feel as I do.

She knows rules and regulations like the back of her hand.