@David Guzman , first off while some state law might apply, it is my belief that it is a matter federal law, or at least a banking regulation involved.

So they don't wish to be licensed.If a borrower indicates any intention (the key word here is intention) of living in the property or using it as a second or vacation home, private or hard money lenders who have any knowledge of current regulation won't touch it.

http://gilsonusa.com/sites/all/themes/gilson/pdf/ACCA-Northerners-ReplaceFurnace1.pdf

My furnace guy called me about this today. I hadn't heard this before. Any furnace installed after May 1, 2013 needs to be at leas...

I am most interested in knowing what would happen if we came under the newer NC condo HOA regulations- What would that mean to us?

As to FannieMae, it's powers are limited to setting lending regulations for participating lenders, they do not have federal regulaing powers like HUD.

And initially, the lack of inventory may likely increase rents unless they are regulated.

Having been a regulator I have that mind set.

Any violation of regulations set by these agencies is a matter of law.

I would never buy anything more than a duplex because of the codes and regulation changes I would have to deal with.

Dave T,Placed in service is the initial situation, after that it is considered in service until otherwise.There is no regulation stating otherwise.