Basically unsellable wrap notes, blatant violations of Dodd Frank, borderline fraud, the list goes on. 

You do not want to lie on an application, that is mortgage fraud.

Enforcement of equity skimming, mortgage fraud, wire fraud etc could change on a stroke of a pen.  

They can do this by getting information and the identities of the subto students and gurus so they can program software to catch these. 

On a worldwide basis, the US is considered a business haven where many can hide their identities.

The Sampling Method is typically used for properties with nearly identical blueprints such as fast food chains or nursing facilities.EXPERIENCE OR “RULE OF THUMB” APPROACHThis approach is based upon the specialist’s experience in the industry and their ability to estimate the costs.

It's not fraud or anything because you are, in fact and in reality, converting it into something that is not a bathroom and doesn't require any permits.

I've read a lot of bad information on how some gurus are promoting techniques that are flawed at best, fraud at worst.

The first one Blue gate said it was a fraud and not my problem. 2nd appraisal came in fine.

The advantage of Reg D over relying on the general exemption is (1) if you comply the SEC can’t come back and say you should have registered and (2) if your sued by a disgruntled investor you have a definitive defense, which means an attorney is unlikely to take an investors case on a contingency basis - unless fraud was committed.