Due to the Safe Acts, etc is mobile investing as good as it was and what precautions should I take?

My parents still live in that area and its still safe.

But if I wanted to use a friend's money, and that friend didn't get involved in the transaction details, the rehab, and all of the work, would I simply treat that person like a bank and pay them some interest?

Some stick to regoions.My note investors purchasing guidelines required the transaction to be commercial and the note secured by commercial property. 95% of the note investors I know of will NOT do residential simultaneous closings because of respa concerns and rightfully so (min of 3 mo seasoning.)

I came to BP having never completed a real estate transaction and have completed quite a few over the last couple years, much to the credit of BP and its members.

Not sure if this transaction would qualify for a 1031:http://www.1031corp.com/1031-exchanges-made-easy/1031-exchange-requirement/Originally posted by above link: ...Examples of non-like-kind real property that cannot be exchanged under Section 1031 include primary residences, “flips,” stocks, bonds, notes, mortgages, cash, equipment, goodwill, inventory and interests in a partnership.Emphasis (bold) is by me.

Caution, they may try and over-complicate your transaction so find out who is good in our area.

The reason for this is that there are many moving parts to your transaction of 12 homes.

I'm a Realtor putting together this transaction but this is my first one.

CONSUMER LOANS DEFINED: Loans to consumers (natural persons) that are for personal, family or household use.If I'm not mistaken, that same language is in the Safe Act.