Statistically, with the tightened lending guidelines in the post Dodd-Frank environment, banks end up funding somewhere in the neighborhood of 65% of the loans that borrowers apply for.  

At the time I was just happy to be around an environment where I could be around like minded people and actually start being around the things I had read about in the investing books.

The letter would have to include a few bullets, for example:Dear Residents:In order to provide a safe and comfortable environment for all tenants, the following rules will be enforced:•Loitering outside the building is not permitted.

Not to mention family members who are lending can take advantage of rates of return that they would otherwise not be able to get in the current environment.

If anyone in the area is interested, please let me know - I have been to a few investor groups in the past , but they only happen once a month and in the evening - I am looking to start up something during the day and have weekly get togethers where we can talk about whats new on the market , talk to local hard money lenders and builders, and just create an environment where investors can share ideas and resources.

A modification is a 'new' extension of credit and at the time the modification is executed all compliance and regulations apply to the loan.  

Absolutely nothing then through in being you and a minority in an environment that is mostly elder white men did not make things any easier.

Contrary to popular belief, some landlords ARE exempt from the regulations of the Fair Housing Amendments Act.

This aspect is important starting out, if you think RE is regulated, finance is 10 times as regulated, it's not near as easy to get into.

As far as taxation and regulation, the state will generally decide in favor of "the people" and against "the corporation".Let me know if I can help and if you want to connect!