It is a wonderful environment to learn and network,  a few wholesalers show up each month and they are always happy to share ideas.

You should have an accountant and lawyer familiar with the regulations advising you. 

Don't worry, yes, I had them sign a lease, a mold addendum, rules & regulations, and an addendum for drug-free housing.Complication #2- They moved out with prior notice (which is required, 30 days in advance of the 1st of the month), leaving behind TONS of possessions, and moved into a shelter.Complication #3- I was never given notice.

But how will the regulation of the regulators actually shake out?

To avoid a nasty surprise, if you plan on reconfiguring lots, check with the local zoning regulations first.  

Whatever one you find or use get an attorney to review it first to make sure it is compliant with local laws and regulations.

Personally, especially in the current interest rate environment, I would go for a higher rate of debt.

I just have no experience AT ALL with short sales or reverse mortgages, and this situation is a little sticky.House has major roof damage...4-years of major roof damage in a very wet environment.  

But when it comes to helping me out with a non-paying tenant, then they've got a million and one excuses why that has to be done with a sherriff's office and its not under their jurisdiction, and on and on and on.How does it make any sense that a village gets to regulate the landlord rules in the town but the evictions have to be at the county level?

The depression, WWII, the opportunities that existed, the education level of the competition and the ethical environment that existed.