It's funny now I look at a secure tenant as someone with a steady source of government income rather than day job income.

What are the current SEC regulations regarding soliciting funding for projects?

The bigger banks will have much higher requirements on their government lending programs generally 620-640.

If so in my state all formal offers must be submitted to the owner within 24 hrs, there is likely a similar regulation where you live.  

I don't dare landlord in SF with all the rent control and landlord hostile regulations.

If you are going to rent by the room (or two to a room) then you may fall under boarding house regulations.

He said the property was being sold under the CA Government IRS after a Chapter 7 filing.Does anyone know how to find such a listing?

The price is based on an appraisal "in its current condition" and not the amount owed to the government. 

Section 8 is a form of government subsidy whereby the govt pays your tenant's rent.

But I'd still call to check just to be sure.Note that while the Realtors are a great resource and the most likely to answer their phone to help you (because they sell classes, basically), I believe the "real" authority who matters for your broker application is the RI Division of Business Regulation (DBR) - see http://www.dbr.state.ri.us/divisions/commlicensing/realestate.php (in particular the "Education (Salesperson & Broker)" section on that page).The DBR education resources may not, though, cover the lead specific requirements you're asking about.