One must be very careful if entering into this temporary (until the CFPB moves in) process to make sure a state does not require a supervised lending license before engaging in it.Anyone choosing one of these methods should be aware of two issues:They must still be in compliance regarding:- Red Flag - enforcement by FTC and now FINCen- Safeguards - enforcement by FTC and CFPB- Disposal Act - enforcement by FTC and CFPB- Patriot Act - enforcement by FBI and FINCen- OFAC - enforcement by FINCen- Anti Money Laundering - enforcement by US Treasury, IRS, and FINCen- Advertising Rules - enforcement by FTC and CFPB- Fair Credit - enforcement by CFPB- Reg M - enforcement by CFPBThe second issue is the danger of recharacterization as a "disguised credit transaction" either by a regulatory agency or court.

@Sam Erickson - This will vary by state law, but you will have to supervise these agents.

Depending on the MO, they will be supervising your work for a few months, at least in a bank, a broker may "cut you lose" when the feel comfortable with your abilities.In a bank, MOs are in the residential loan department and I've seen the majority of these officers stay in that job for years.

I am not an lawyer (and I do not play one on TV ;-)) but I went looking on masslegalhelp.org and found this nugget on Federal public housing:Federal public housingIf you are applying for federal public housing, a housing authority  must deny your application if it finds that:A household member is currently engaged in illegal use of a drug, or the  Housing Authority has reasonable cause to believe a household member's illegal  use of a drug or pattern of illegal use of a drug may threaten the health,  safety, or right to peaceful enjoyment of the premises by other residents.1 The Housing Authority has reasonable cause to believe that a household  member's abuse or pattern of abuse of alcohol may threaten the health, safety,  or right to peaceful enjoyment of the premises by other residents.2   Importantbefore denying a person housing based on illegal drug use or alcohol  abuse, a housing authority may consider evidence of rehabilitation3.Any member of your household is subject to a lifetime registration  requirement under a state sex offender registration program.4 Any household member has been convicted of the manufacture or production of  methamphetamine in federally assisted housing.5 Any household member has been evicted from federally assisted housing for  drug-related criminal activity within the past three  years.6   ImportantA housing authority can also let your household in if the person who  engaged in the drug-related criminal activity has  successfully completed a supervised, approved rehabilitation program, or if the  circumstances leading to the eviction no longer exist—for example, the household  member has died or is in jail.7 In addition to the automatic denials listed above, a housing authority  may deny applicants "whose habits and practices reasonably may  be expected to have a detrimental effect on the residents or the project  environment."8 This means that a housing  authority has wide discretion over whom it allows  into its federal public housing programs.

I can say that it seems like it requires a lot more supervision on the ground, which makes things more difficult.

My business model (to the limited extent I had any) factored in the expense.Only with great difficulty and reluctance did I finally recognize this past spring how very badly I had fared (and my properties and tenants had fared) under the supervision of the first manager, and still later, under the second manager.

Your broker has the duty to provide you with a place to work (at least a desk if not an office), and also has a duty to supervise you, which should include some amount of training.

The broker's job is to supervise you and to make sure that you don't break the law.

Since there was no will, you will most likely need supervised administration through the probate court to solve the title issue via probate.I don't think parents automatically gain the power of sale on the minors behalf.

Investors need to define their involvement in RE first, time, money, management, supervision, maintenance, are all areas of RE that need to be considered in holding RE as an investment.