As a real estate lender, you must comply with every state and every federal law that every other lender has to, including paperwork.

Thanks @Ben Feder, well hopefully someone can shine a light and hopefully you can learn as well. 

Here's the list:(A) rezone for densities necessary to assure the production of moderate income housing;(B) facilitate the rehabilitation or expansion of infrastructure that will encourage the construction of moderate income housing;(C) [encourage] facilitate the rehabilitation of existing uninhabitable housing stock into moderate income housing;(D) consider general fund subsidies or other sources of revenue to waive construction related fees that are otherwise generally imposed by the city;(E) create or allow for, and reduce regulations related to, accessory dwelling units in residential zones;(F) allow for higher density or moderate income residential development in commercial and mixed-use zones, commercial centers, or employment centers;(G) encourage higher density or moderate income residential development near major transit investment corridors;(H) eliminate or reduce parking requirements for residential development where a resident is less likely to rely on the resident's own vehicle, such as residential development near major transit investment corridors or senior living facilities;(I) allow for single room occupancy developments;(J) implement zoning incentives for low to moderate income units in new developments;(K) utilize strategies that preserve subsidized low to moderate income units on a long-term basis;(L) preserve existing moderate income housing;(M) reduce impact fees, as defined in Section 11-36a-102, related to low and moderate income housing;(N) participate in a community land trust program for low or moderate income housing;(O) implement a mortgage assistance program for employees of the municipality or of an employer that provides contracted services to the municipality;(P) apply for or partner with an entity that applies for state or federal funds or tax incentives to promote the construction of moderate income housing;(Q) apply for or partner with an entity that applies for programs offered by the Utah Housing Corporation within that agency's funding capacity;(R) apply for or partner with an entity that applies for affordable housing programs administered by the Department of Workforce Services;(S) apply for or partner with an entity that applies for programs administered by an association of governments established by an interlocal agreement under Title 11, Chapter 13, Interlocal Cooperation Act[.]

Your wages would be net of federal income tax, state income tax and FICA Tax.

You do NOT have to follow the county assessment for your land allocation on Federal and state taxes.

@Ben Feder how many properties have you analysed?

FHA Mortgage -- This is a loan insured by the Federal Housing Administration.

@Ben Feder Hi Ben, There are some Hard Money Lenders that will lend soley based on the equity in the deal and include rehab costs up to a total loan amount of 70% of the After Repair Value of the proeprty.

If so, federal law required that you have the Closing Disclosure (commonly called the "CD") in your hands for 72 hours prior to closing. 

Pentagon Federated (PenFed).