This protects the lender from slipping into the Dodd Frank banking regulations.

I assume lending could be a minefield both in terms of regulations and in terms of doing due diligence, so I have a lot more learning to do.This seems like a great question to maybe toss around this evening to talk to anyone that is doing something like that.

Then try the AG office or whoever regulates in WI. 

I think the property is selling for the discount price because the landlord has a hard time to evict tenants for non payment which are financially covered under the government program.

Too much regulation. 

If you are going to self-manage, make sure you know the rules/regulations.

I am currently in the San Diego area and looking to begin investing in rental properties in the near future but my wife and I will most likely wind up moving somewhere with a less regulated/restricted and more affordable market.

Do it the right way and you'll never have to worry about the state regulators or angry family members coming after you.Good luck!

To that end, eviction laws vary by state and violating them can be costly, so it pays to do your research on state regulations.

The general public needs a governing body to oversee this stuff to protect the public's interests.