You can provide them with a reason for not qualifying, but always ensure compliance with the Fair Housing Act, which prohibits discrimination in housing based on race, color, religion, sex, national origin, disability, and familial status.

And I don't just hold others to my opinion but to regulatory compliance that is in black and white and known acceptable practices and an understanding of what happens next or the effects of what they do.So, Rob, while there is some business stuff in any business, RE included, it's really more about doing things legally, ethically and a good attitude toward people you work with.

It requires more admin work from the PM to verify income and make sure you're always in compliance and there are inspections and standards you have to comply with for the life of the loan. 

Yes complicated but I’m fortunate that though not an attorney my wife does this for a living as a compliance consultant.

Account ClosedMost tax attorney's I know specialize in the followingRepresent US taxpayers in regards to foreign assets that have no been disclosed to the IRS on past tax returnsSubstantiate Transfer pricing costs between countrtiesYou likely don't want a Tax attorney for real estate activities.A real estate attorney should be able to do the following for youreview a purchase/sale of real estate agreementcreate an agreement for an entityconsult you on asset protectionevict a tenantA CPA should be able to do the following for youprovide tax strategiescomplete your tax compliance which provides you comfort that your return is prepared accurately.bookkeepingbusiness consulting/budgeting

Regulations include property related laws like the time and cost of evictions, rent control, code compliance requirements, etc.When you research a market, the key decision factors can be subdivided into short term and long term (10+ years).

However, having at least one borrower on the loan living their (i.e. family member), could put you in compliance.

Hi, I am a first time buyer within NY and looking for some feedback concerning Certificates of Compliance on residential rental units.

No lender should rely on a title company to prepare loan documents and expect to be fully protected or in compliance with all state and federal laws.

I think a few of the biggest problems come from unrealistic expectations, be it the understanding of the true value of the property when the work is finished, or what it really takes to make the property meet code compliance and be attractive to the end buyer.