I am going to assume that the biggest needed is ADA type compliance.

Such as compliance certification ordinance and occupancy codes that are unique to our area, and could cause you some problems if you don't follow them.Also, we do have a few banks who do keep their residential lending local, and do not sell it off to larger mortgage companies.

If you are serious, you need the compliance letter which of course costs money.

Most borrowers don't know what usury laws are, may not care, they may not know the lender is not in compliance and these "private" loans or deals often go undetected, but not always.

You may find all the rules and regulations here:https://www.citybigbearlake.com/index.php/code-complianceIt is very hard to pick up a VR business from distance unless the house is a turn key home.

Current as-built drawings, plans & specificationsDescriptions of buildings, physical aspects and systemsSite Plan (with dimensions and identifying tenants and vacant locationsPhase I and if applicable Phase II environmental site assessmentProperty Condition ReportStatus of ADA compliance (including ADA plans)Warranties (HVAC, roof, insulated glass, etc.)Existing exterior, interior, and aerial photographs of PropertyFloor plans with tenant location (CADD/PDF files)Any and all Leases and Tenant correspondenceAny and all Service ContractsGeneral Ledger for the past 3 yearsThree year history of delinquency and bad debtMost recent detailed billing statement for all TenantsTenant ledgers for previous calendar year & YTDCertified Updated Rent Roll and Certified A/R ScheduleList of security deposits and prepaid rentLeasing update (pending deals, LOIs, renewals, lease-up projections)Future Tenant improvements and leasing commission obligationsThree year history of tenant improvements and leasing commissionsCurrent year detailed operating budgetYTD budget vs. actual analysis for current year & 2 prior yearsThree years of operating statements (revenues & expense) historyCapital items/budget forecast (3-year projection)Three year history of capital expendituresProperty Tax bill for current year and previous 3 yearsCurrent Insurance CoverageThree year history of insurance claims and incidentsTenant’s sales volumes for at least 3 yearsThree year occupancy historyExisting appraisal report(s)Confirmation of ZoningCertificate of occupancy/use permitsStatus of pending litigation and/or threatened condemnationMost recent title insurance policyMost recent as-built surveyCAM Reconciliation for prior 3 years

What if other coaches, instructors or, dare we say....gurus, agreed to having their information subjected to compliance matters in real estate and then they shared ideas and systems for investors?

What usually happens in most cases is that the tenant doesn't bother to comply with any of these nor does airBNB try to ensure the tenant is in compliance with city. 

However, any financing using these accounts must implemented within the guidelines outlined by the tax code.The primary compliance concept to be aware of are prohibited transactions, which restrict tax-advantaged retirement accounts from transacting with the account-owners and other "disqualified persons." 

To be in compliance with code that big window in the front will probably have to be replaced.