Here in Michigan you need to be licensed as a real estate agent or broker to be legal.

I went to my local credit union, Wells Fargo, and United Bank and each one turned me down after "checking with legal."  

So if lots of parking, ideally walking distance to busses or transportation to cut down on cars, you might get away with it (legally).Operationally;  this is a can of worms to manage. 

You might not want to buy more than one property with this company until you are many months to 1 year in to see how it really goes over time.No legal advice given.   

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

It will likely cost much less than you have to lose in this case to get 30 minutes of legal advice

As the legally required small print in the offering of financial products reads: "Past performance is no guarantee of future performance".

Is there legal recourse for me to now collect the required security deposit from the tenant even though he is in place (his lease does not expire until 7/2025), can i do a lease amendment requiring payment?

If a landlord needs to enter a property for an inspection or repair, a two-day notice is required.Our Governor passed anti-squatting legislation a few months ago which allows owners to have the police remove them as opposed to before where it was considered a legal issue for attorney's to deal with.