I have never accepted section 8 or been registered for any other government program.

@Danica Estrada, when you get a government loan, whether it be a VA loan or an FHA loan, the appraiser is technically required to address the legal use of the property.

I am new but I am looking for someone who is not going to be a problem most of the time. ... college students, families, singles, etcHi Mark,It depends on your property class and location.Turnover is a big expense, so trying to limit that is intelligent.You want a renter(s) who you think will be long term renters and can pay the rent long term (and not damage the property).Many people use a mix of credit scores, criminal record information, employment history, and past landlord referrals to try to limit their risk in this area.It's also something that the US Government has a say in as far as what is considered housing discrimination, and it's intelligent to follow their guidelines as well.Just my 2 cents. 

I'm a government employee with one rental and a primary residence.

Additionally, for federally backed programs like VA, FHA you have to be a certified Agent/Broker which means that any Agent/Broker marketing those properties is a government contractor.  

To be clear the laws govern crowdfunding as well. 

As the government winding down its incentive program, more people will have a hard time paying their rent.

@Ibrahim Yamini I’d turn it into government subsidized senior 55+ housing.

I do not how the LLC is set up yet and only reason I wanted to buy the llc is because I didn’t want to outright buy the property and then have to wait 90 days before it is eligible for a government loan.

I believe you can close on the first purchase but your interest will be subject to the lack of government approval for the subdivision of the parent parcel.