Fines for State and Federal Fair Housing, Fair Credit Reporting Act, EPA, OSHA, and other fines can wipe you out in a hurry...many first violations can be over $10K.

We have some questions around the best way to accept rental payments and how investors are separating/storing funds for future repairs, vacancy, capex, cash flow, etc.After doing some research on accepting rental payments, it looks like there are a few popular options:  cozy.co, buildium, google payments, paypal, certified funds (money order & cashiers check), cash, personal check, etc.  

A partnership tax return would need to be filed for this LLC (e.g. a form 1065 at the federal level).You could then invest in the single investment through the LLC.

The only places this is different is federal/state buildings and schools. 

I don't believe Obesity is a specifically listed as a federally protected class. 

@Paul GiloLet me start by saying if you are seriously thinking of going ahead with this consumer loan you are in over your head and making a mistake.Yes, those are federal lending laws you will likely be violating doing a consumer loan, maybe more depending on what state you are in.Any lender (institutional or private) needs to be a party to the purchase closing, and needs at a minimum to be the mortgagee on the fire policy and needs lenders title insurance.Consumer loans has very little to do with owner occupied (OO) or non-owner occupied (NOO).Pop Quiz (and this is a trick question):1.  

Specifically, with taxpayer funds at risk, federal regulators must take every possible precaution to protect them.

Very popular on Craigslist.

The majority of states have exemptions to allow for private mortgage lending because the federal mortgage regulations – if left on their own – would kill the small business lending economy.

Business management application is becoming increasingly more popular.