Especially, when he may not owe any Federal or State Tax as a result of the purchase and if his tax pro knew how to leverage the tax benefits available.

The state and the federal government want to see and tax any business enterprise. 

The company also designated Huntsville for its Defense Business Unit headquarters in 2016 citing “the engineering expertise in the area, close proximity to its government and prime contractors as well as collaborative support from local and state leaders.”

More info on city STR regulation here:  https://www.bozeman.net/government/planning/short-term-rentals-str

Obviously we'll all have less than perfect bookings from time to time, but you need to tighten up so that bad guests are rare.....The woman booked this AirBNB has 5 start reviews  from 7 previous hosts and her government ID was verified by AirBNB. 

@Christopher McConnellThe entire process of foreclosure, adverse possession, tax sale, tax lien sale, tax deed sale, etc. is state specific and very often county specific.Any generalization is going to be incorrect for a large number of cases.If someone wants to begin investing, or speculating in tax liens for instance, they will have to learn the laws governing such for each state they’re interested in, and the rules, regulations and procedures for each county they’re interested in in that particular state (s).

Registered agents typically have to remain in state because the government wants someone that can be served within their borders.

Make sure that you are compliant with CFPB regs else you will eliminate a large market of note buyers since their servicer will most likely refuse to service the loan if not compliant with federal regs.Bob

I'm licensed in Florida this is a owner occupied government loan.Co-borrower means they occupy the residence with you for one year.

Qualified mortgages tend to be traditional government-backed loans and conventional loans (basically non-government backed traditional loans).