You should get a copy of your state/local landlord-tenant regulations and read them thoroughly.

There are issues, regulations, etc. but still, on a sq ft basis, it's very profitable.

A little known regulation in Colorado requires the County Public Trustee to escrow property taxes for all ILC sales and in addition, requires notice to the County Tax Assessor of all ILC transfers.

They go to the defrauded lender, regulators, attorneys, and the witch hunt begins.I compliment you on "throwing yourself to the lions" here at BP, where the damage to you is far less than if you actually did something like this.Just keep in mind that deals where the profit is made at the expense of someone else (human or big corporation) who is deceived or deliberately made to believe in a set of circumstances other than those that actually exist........is fraud.Joffrey Long

What implications does this have for the small real estate investor and has anyone explored plans to capitalize on this recent change in the SEC regulations designed to promote small business?

.- Make sure that all advertising complies with all rules, regulations, and laws effecting the property.- Help the seller to find good service providers (if needed) such as attorneys, termite companies, etc.- Receive all offers on the property, review and evaluate the offers, and advise the seller relating to the offer.- Once the property goes under contract (in some areas the term is "open escrow") follow up with the buyer's agent relating to the buyer's progress toward closing on time.- Prior to closing, review the preliminary HUD-1 settlement statement and make sure there are no errors.

I originally wanted to invest in Co-op but the rules and regulations really steer me away from it.

@Samson KayBesides calling the fire department, call the local municipal zoning officer and and find out the regulations.

The question will be what the regulations are 6-9 months from now when you're actually in the process of doing the refi.Talk to some local lenders, find out what their current requirements are and keep in close touch with them so you'll know if those requirements change.

My recommendation is to stick with them mailing a check to your bank because check fraud regulations are vast and provide much more protection than electronic deposits.