Regulators look for predatory practices from scrupulous people and companies where they offer to review and some type of fee is paid to the party.

But doesn't look very good.Next, in January, you won't be able to collect the payments yourself, you'll need a servicer to collect them under new regulations, that is another federal matter.Next, and strike three, you have an agreement that circumvents foreclosure requirements, now since Texas doesn't allow installment sales, it won't be allowing an installment with any equity amount to require or exempt the foreclosure process, so again, you stepped on it.If you have made any arrangement to convey title after the financing, it's a purchase arrangement and they folks in that house are not tenants, regardless of what you would like to call them, they are buyers, with ownership rights.I'd honestly say you're screwed.

I don't feel like my first deal should be based on trying to outsmart the government illegally.Can you refi on your current FHA?

The CFPB was created in 2011 under Dodd Frank and it is an independent federal agency that holds primary responsibility for regulating consumer protection with regard to financial products and services.

And in some states, there are regulations covering lease options.

On equity, that's hard to project with the myriad regulations about what you can and can't do, and can and can't say.

Can they make requirements concerning the loans they hold for sale or the properties they hold, subject to HUD regulations ?

You can have your partnership agreement, you can do other agreements as well that can govern most any issue, change orders, punch list, time frames, who hires and pays subs, insurance, profits and other issues.Who you partner with always makes a difference, but I'd think as slow as construction is getting a decent partner wouldn't be too hard, just be in a position to hire and fire if necessary.Adam, sorry, missed the insurance question.

State and local laws will govern most of that.

Check with your local Section 8 office to see if they have Section 8 Landlord Briefing , which would give you some tips on the program and the rules.Not all section 8 participants have an income form employment, income is usually from another government agency.