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.

I was hoping to property manage from afar to really learn the market and place good tenants into the rentals but with this regulation it feels like they are strongly encouraging you to hire a property management firm.

I was under the states guidelines for the number of mobile homes you can put on a property before being considered a mobile home park and all the regulations.

Banks have their hands tied by the federal regulations.