(He very brash and aggressive and wants to control the conversation)My assumption is he’s tried to sell the property before and was offered 80K because he keeps throwing that number around as what he would never take.He claims it’s a 3/2 ranch that’s vacant and sits on 5 acres of land that he owns free and clear of any mortgages or issue with liens or taxes.

I wouldn't make any investing decisions based on waiting for anything outside of my control.

Or are you looking to use a lease option strategy to gain control of a property from another homeowner?

Eric, there seems to be a lot of control over house loans these days.

Hello,I'm looking at refinancing our SBA loan debt this summer or fall - and looking at obtaining an FHA Sec 232 loan or I've seen there are some Fannie/Freddie loan programs as well depending on the lender.I like the fact these are non recourse with carve-outs and depending on the loan can be assumable and with far better interest rates for the life of the loan.However I'm a bit paranoid about the controls the lender would have over myself/our business and how much it would cost to have audited financial statements.

What precisely is the "no luck?"

Since they usually keep crews fully employed, the have better control over their labor costs.

I dont think its income govmit is regulating .. its tenant/owner relationships and rules and regs related to tenancy. there is rent control though in some markets so that has been around for a very long time in places like NYC and Berkley SF etc.

It would look good on your paper and would look "better" when you introduce yourself to future clients that you have million things to back up your real estate license, but certainly don't need it. with real estate, you have to have good communication skills, understanding situation and how to handle it(problem solving), know how to control your stress, learn how to take care of clients under stress, analyzing, CALCULATION (like mentioned on thousands of bp podcasts) and network well. 

The smart county and cities have tight controls in place so developers can't throw up cheap junky looking boxes with shoddy design that clutters the overall look and landscape for a city or county.