@Fausto Carosella   you have a good piece of wood I can whittle you a gavel as a gift to the court, may be they'll go lighter on you  for filing wrongful liens and financing the sale of real estate outside of settlement, you know, like undisclosed costs of acquisition in connection with the sale that cause the settlement of accounting to be incorrect, an unreported basis for federal taxes and, oh, let me see, financing an option out of compliance with the SAFE Act (now incorporated in Dodd Frank)........hey, mind moving that spittoon away from your leg, I'm not a very good shot spit'n'!   

I just don't see any reason to mention this stuff again, I'd think everyone has had plenty of time to read these Acts in their entirety, digest them, read forum posts, seek  legal opinions and have compliance reviews by qualified persons.

In fact, part time means less time to give to compliance and changes that can cause you trouble.Get a license, or at least take the course, you'll learn the basics properly.

if not - you may then need to reach out to a property manager.You may need to reach out to a CPA/Accountant to take care of the books/tax compliance needs.The partnership return will reflect the income/loss of the partnership's activities during the year.

Spell out clearly what will happen, if compliance is not met.

They may regulate that you are subject to an annual inspection and must be in compliance within a certain time frame.Good Luck.

A hard money lender is a private lending company that charges points and may get their funds from investors.”Nevertheless, the lending companies which many real estate investors refer to as “hard money lenders” will frequently refer to themselves as a “private lender” or a “private money lender.”Several private lending companies I deal with do not like to be associated with the term “hard money” because they feel it has a bad connotation and makes them seem unethical or having extremely high pricing.But here are some of the benefits of doing business with a private lending company instead of an individual: More Qualified, More Consistent, never runs out of money, Reputation, Legal Compliance, Easy to Find, Better Pricing.There are some benefits to borrowing from an individual investor: May offer higher leverage, may consider a joint venture or equity position, several don’t charge points (origination fees).

Hi all,I'm looking at a 3-unit is Shaker Heights and the realtor sent over the Point of Sale Compliance Inspection Report.

Due Diligence - In general, we like to take a measured approach that breaks up the DD into 4 areas: financial analysis, initial walkthrough, compliance, and paid inspections/services.

As well as, compliance due diligence.