The changes protect the consumer by making certain that wholesaling is a regulated practice in Illinois.The Act now provides that a person must be licensed as a broker in Illinois if they have engaged in a pattern of business of buying, selling, offering to buy or sell, marketing for sale, exchanging, or otherwise dealing in contracts, including assignable contracts.A pattern of business is defined as engaging in any one of those practices on two or more occasions in any 12-month period.

Horrible economy, high taxes and regulations, landlord unfriendly, and almost completely the blame of the politicians and their ideologies.

This paragraph shall not apply to a dwelling unit used in connection with a federally administered or regulated housing program, including programs under s.202, s. 221 (d) (3) and (4), s. 236, or s.8 of the National Housing Act as amended.The Mechanics of the Resident DeathUnder the new law if the following is in place, the unit is considered abandoned.The last remaining tenant is deceased Personal property remains on the premises Rent is unpaid At least 60 days have elapsed since death The manager has not been notified in writing that there is an estate opened or that a personal representative has been appointed.Why Do We Need to Wait 60 Days?

Our properties have ranged from $100 - $200k.Am I violating SEC regulations because he is fully passive and puts in 50% capital?

We're purchasing our first property in Arizona and learning their LLC regulations as we're from CO.

@Theresa Harris There actually are laws/regulations against putting fliers in/on a mailbox.

I just closed on a duplex in the Tampa area in Florida a few days ago with the VA loan I am house hacking due to the regulations of a VA loan.

Please keep all replies related to the Real Estate aspect of the proposed regulations. 

One of the regulations of a 515 is if it’s for profit you have to operate in a “limited profit basis”.

Just note that Scranton itself has more regulations to deal with and the taxes are higher (both property tax and also realty transfer tax).