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.

I wouldn't seller finance a real estate agent on a primary residence without making sure the loan was in total compliance.

Small brokers will probably fall off in time trying to stay up with compliance, big fish eat little fish. :)

The fund covers all operational expenses (legal, compliance, audit, etc). 

Not only are you trying to use an FHA 203k loan (which has many aspects to manage and compliance requirements to meet), but you are also intending to change the existing use of the building too.

I noticed that IRA Financial Trust charge an annual fee and compliance fee of $599 ($360 + $199 compliance fee). 

It can be pricey to reach Section 8 compliancy The Section 8 code is strict and is subject to the inspector’s perspective.

Aside from the legal and compliance issues involved, if an IRS auditor requested bank and credit card statements, why needlessly expose your personal transactions?

The real reason it turned out the lenders were not in compliance w/TRID?

You can see within that table if a multifamily property is an 'Allowed Use' within that zoning district.If the use of a three family property is allowed in this district you will then need to check with code enforcement regarding the additional code compliance that will be required for this conversion.