No school or landlord may refuse to enroll or lease to and may not otherwise penalize a person solely for his status as a cardholder, unless failing to do so would cause the school or landlord to lose a monetary or licensing related benefit under federal law or regulations.How do I not allow tenants from using and growing in my house?

Here’s some more info on the topic in case you need it: https://www.fedhomeloan.org/federal-home-loan-occupancy-rules/

Once you have a little more cash, say 50k, then you can start speaking with people who know what they're doing and are working with SEC attorneys to make sure you're within federal guidelines as a lender.I don't think @Aaron K. is saying using an IRA to invest in real estate is a bad idea.

He said to tell Jackie his Federal Broker John recommended him. 

Do we need an Federal Tax ID Number? 

… No the title company will not do a search to find out if the property is in a federal flood plain and I would recommend that you do that search yourself before you sign a contract or make sure you can "kick out" when you learn that it is in a flood plain.Rely upon a title company which is issue you a "clean" Owner's title policy at closing to do a search of the county records and issue a Title Commitment, which will raise/disclose issues/documents recorded against/on the subject propert.Good luck.

Further, why do you claim that the Federal Communications Decency Act does not apply to landlords? 

The property was purchased this year, if we do a quit claim deed transfer, would this be considered a taxable event for federal taxes? 

Assuming the foreclosure occurs, your lease will have to be honored....as per the renewed tenants in foreclosure protection federal act.  

If you can't refi out of it....then reach out to  Navy Federal Credit Union and get a loan through them for zero down and no PMI.