Had Norada limited itself to what was in the PPM, they might be OK, legally. 

For one you can't limit usage.

Neither VRBO nor Airbnb are vetting guests, either.The best you can do is have some internal controls, such as minimum number of nights.

You have more control of your time when working with sellers as opposed to buyers.

Although we try to limit our Hard Money as much as possible due to the cost.

If I donated to aids health foundation and they spent the money on rent control instead of aids research or health care, I would be pissed.  

He is knowledgeable but he has no control over the GP.

Single family homes are exempt from rent control when privately owned.  

Our last deal we engaged a mortgage broker that also brought a Private Equity LP (Limited Partner) to the deal. 

Hey @Eli Edwards,In my limited experience New Western, and any other larger company who is geared towards wholesaling properties, generally doesn't leave much on the bone for the end buyer.