If they find you are still not following the 30 day notice, they'll post another notice that if you don't abide by the rules there will be a fine per day for non-compliance . 

:@Steve Babiak19121 so I was in the first phase 😒 Then you must comply ASAP to be legal with that property.Now, there are two forms of compliance - lead safe and lead free.

You also may check with an attorney on SAFE Act compliance and if you need a licensed broker to originate the note.Mike

Someone casually investing in notes is probably better off in buying notes secured by investment property, and leave o/o notes to the professionals who do it full time as a business and have systems for compliance set up.  

Mentioning my brokerage keeps me in compliance with state law, and I never want to mislead people about what I do. 

Then the compliance process would start, with the contractor bid being vetted by a construction project manager to make sure planned repairs are  what needs to be done to bring the property in line with the recently sold and on the current market competing properties, and that the bid is reasonably priced for professional grade work.

Compliance with SEC and state securities laws is just one problem.

How is compliance monitored?

If we estimate low and they jump up, then it's a huge compliance issue. 

So, if we had to send staff to post a 3 day (or 10 day) notice or any notice for non compliance of the lease, and additional fee was added that the PM kept.