Section 61-2c-102 broadly defines "Business of residential mortgage loans" as follows:(g) (i) "Business of residential mortgage loans" means for compensation or in the expectation of compensation to: (A) engage in an act that makes an individual a mortgage loan originator; (B) make or originate a residential mortgage loan; (C) directly or indirectly solicit a residential mortgage loan for another; (D) unless excluded under Subsection (1)(g)(ii), render services related to the origination of a residential mortgage loan including: (I) preparing a loan package; (II) communicating with the borrower or lender; or (III) advising on a loan term; or (E) engage in loan modification assistance.

This means there is a high incentive for them to take really good care of the facility.From a liability aspect, nothing changes on your part.

. ### Relevant Aspects of § 7-104:- **Theft by Deception**: Under § 7-104, theft includes obtaining property or services by deception, which involves knowingly providing false or misleading information to obtain something of value.

Quote from @Dennis Morrissey: Understanding the Key Differences Between Private and Hard Money: Pros, Cons, and When to Use Each How do you define them differently?

If I may ask, which aspects are the most painful, to the point that you're exiting the market?

But if your agreement defines "income" from the guest as any monies received by the guest, including fees, cost reimbursement, etc., then that's what you have.

If you have ample time and want to be hands-on, I’d recommend choosing a market that interests you and building a team—including an agent, contractors, and a management company—to support you throughout the process.However, if you’re busy and don’t have the time to manage all these aspects, turnkey options might be a better fit.

If the ARV's are off, rehab estimates too low, high down payment terms, and double up on closing, I'm new to this, so this might be a dump question, but what value are they bringing, the search aspect of a deal that is not under MLS (retail)??

Happy to connect to learn your personal preference and goals, as well as the professional/RE ones, and help guide you towards a location that would be conducive for both aspects.

They will all have there own requirements, not only the financial aspects (terms and requirements of loans), but also on experience needed and whether yours qualifies.