Things to inquire are any lease compliance issues and late payments.

You'll find laws that refer to other laws for compliance, once some requirement is made and another law skirts that same topic the related matter will extend the compliance under its domain by adopting other requirements.

I remember when Help U sell was going to change everything :)If Zillow goes into selling real estate then they will have to also be licensed brokers in each state and have the same compliances that brokers have.. they can't just be some massive wholesaler LOLthat wont fly.as for wholesaling this I think is really going to take a hit.. at least the way its done states are cracking down .. and actually going to start following the laws on the books.here is a little snippet of a conversation I had with my state of Oregon department of real estate investigator this week"  The Agency is well aware that unlicensed “wholesalers” are rampant in our jurisdiction.

Speculating not knowing your situation.But, no, you can't have someone assume a loan without the lender's consent and if you pass the note on as an investor you may have compliance issues. :)

A note really needs to be serviced with someone licensed for compliance regardless of performance or workout activity.

I am currently marketing via phones and was advised to reach out to a Real Estate Attorney to make sure I was compliance with my local government especially concerning DNC list ramifications, also had contract paperwork I wanted someone to take a look at.

compliance can be an additional cost

A passive investor in a deal does require compliance with securities laws.

Your limitations in Texas may be more to do with how far you want to drive and forming banking or financing relationships in other areas.You're staying within the same state jurisdiction so you don't have the brain damage related to various state law compliance issues.You may get further away, physically, that you can't really oversee your investments.

They further agreed that if any of the principals reentered the business of lending that they would presubmit a written lending policy and procedure manual for government approval before making any loans as well as an automatic annual review of their lending operation, and lending compliance training for owners, of4icers, employees, and agents of the new lending entity.