I'm pretty sure that more regulations would be agreed to instead of outlawing them, that it would be better regulated as having legal ownership, otherwise you'd have mass non-compliance.

What gets tricky is electrical, plumbing, and anything structural or requiring code compliance.

Like Sixpack Abs and Get Rich Making Money in Your Underwear, people who are attracted to real estate as potential investors are not encouraged to see the ugly seedy side of the business.I'm referring to dealing with the the garage sale of humanity, the crazy people, evicting raging tenants, death and destruction, lender bureaucracy, state compliance, etc.

If I had at least $2,500, I might go half in AdWords and half in direct mail to Absentees.If I only had $500 or less, I'd do bandit signs and hope I didn't get busted by code compliance (which is why I don't use them) before I can get at least one deal done to fund a real advertising campaign...

Being licensed or securing permits only indicates compliance with a process.  

So if the contractor is telling you to pull the permit, you have to make sure that you're in compliance with that state or city ordinance.

While a state regualtor may have a different view, this is to federal compliance, so might as well classifications applicable to federal law. :)

I doubt you need an LLC.However, make sure you are in compliance with real estate agency laws or you could inadvertently be practicing real estate without a license and get yourself into trouble.

In our compliance training, we're very aware of The Do Not Call Registry.

I feel like the vagueness of the Safe Act, the way the states have been implementing it, and the many things required to be in compliance when lending has us heading for some real changes when it comes to seller financing.