Meaning, the regulations you follow today will likely become tighter as time goes on.  

Asked to see his wife, says she's still in Nigeria.I don't go strictly on credit score or salary.

We have stringent requirements for credit score in (above 650), and also have a strict policy for no-smoking or burning of anything (no incense or candles).

For example I have one rental property which cash flows pretty good each month but I have never touched that income for personal toys or income or personal bills ...Maybe you flip houses or buy and hold but I'm curious when people actually start taking money for personal use or does everybody very strictly save or re invest ?

I saw the need for a trusted platform, saw the changes in securities regulations, and came to the conclusion that crowdfunding is the kind of disruption that has the potential to completely change the investing landscape.

What you're trying to do is technically a "security" by definition of the SEC and they regulate it. 

The board aren't just a bunch of jerks or anything, but they need to adhere strictly to the code and how the ordinances are written.

Do OSHA regulations apply?

I understand that creating a fund is expensive (mid 5 figures) and subject to SEC regulation.

See this link:http://www.nolo.com/legal-encyclopedia/free-books/renters-rights-book/chapter1-2.htmlAnd there are some small municipalities that are starting to impose regulations on landlords regarding illegal aliens:http://campbelllawobserver.com/2012/08/rent-to-illegal-aliens-landlord-you-may-be-penalized/