Hey mate,The US market is a different world compared to back home.After 500+ deals under my belt, millions in profit and losses I have concluded that "business is easy and people make it difficult" lolThe real estate professionals here in the US sometimes tend to be very unprofessional unlike in Australia.It's more regulated there especially when it comes to property management.My best tip would be to take your time and don't jump in.There is no rush and the US is full of deals.Spend the time in doing due diligence more so on the people that you are looking at working with rather than the stats/demographics of a particular area.I wish you much success 

If you are soliciting from people you do not know; i.e. they are not friends and family, then you're going to have to study up on the SEC rules/regulations for soliciting money for real estate.  

If you are in a neighborhood that has a strict HOA or other regulation on Airbnb and vacation rentals but you choose to do it anyways then you may be breaking the law. 

FYI: according to federal regulations (12 CFR 3 on page 5) a bank should hold an REO on their books for less than 5 year.

Also, if a city decides certain changes must be made to properties to comply with new regulations, the tax may be charged.Builders, real estate agents, and brokers are subject to the speculative builders tax if they own a property or enter into limited ownership arrangements wherein they share in the profits of a sale with the property owner.

Of course, regulations vary by area. 

Meaning I contact a lot of local banks, lenders and mortgages to really understand how things work locally, understand the rules, regulations and the requirements.

Here are the sign code regulations for Maricopa County which covers the entire Phoenix Metro Area:http://www.maricopa-az.gov/web/code-enforcement/re...#3.

They might have to foreclose if there isn't an investor but their policies and procedures or their state/federal regulators require them to foreclose.

Built in 1952, the facility underwent extensive renovations over the last 3 years and has been maintained in accordance with both Florida and federal regulations.