Additional layers of regulations on top of this generic explanation that I will hold off unless this is the route you are taking.  

The bank could not open the account due to Federal Regulations (not laws, regulations).

We are not required by law, but we also reconcile this every month as well Each state has different rules and regulations, so please check and verifyAll the best to you on your new adventure

The DCA is who regulates the inspectors and the proffesional licenses in our state. 

I'm concerned that there'll be way more government regulations that'll come forth as a result of this.

That is violet has of IRS regulations.

The HOA does allow me to take on tenants, so all good on that end.But now I'm trying to dig up info on LA County's requirements/regulations, and was hoping this sub-forum could shed some light on what it takes to do things by the book here. 

BUT, I’ve always had the underlying opinion that owning real estate means you are participating in a regulated industry.

Hard money lenders who an invest on non-owner occupant properties have few regulations, as soon as its an owner occupant property they are allowed to do a few a year before needing to become a fully licensed lender.

The state of Connecticut has zero regulation when it comes to who can become a licensed GC.