Playing on despite people trying to make a living with limited resources and putting them in a position of using up their money for materials and promises, not to mention the extended living expenses, on strategies that may or may not work in their area is lower than low.

Fourth I do not play in that space or have the network there so I tell them of others who do that type of thing.As soon as you try to become all things to all people in the sake of making a buck you lose focus and traction of what you are specifically trying to do.

Matthew,This may be an idea to help get the process closer to your goals.First, know the game and the rules of the game.

Tell the lender that and listen to them laugh.There's playing devil's advocate, then there's this quote....

It does make sense, especially if appraisal issues come into play like you said.

I am studying business finance and I play intercollegiate baseball (pitcher).

Without experience, something this size can take you out of the game.

@Eric Liu & @Brent WatsonWhere the Federal rules come into play is for Section 8 housing governed y HUD rules and Fair Housing Authority complaints.Otherwise the FBI is not coming to your house and counting bodies, unless you're like the house in Houston this week where there were 100 illegal aliens in one 3 bedroom house.

I'm going to check out some beginner's guides and get a game plan together.

Just playing devils advocate..but like others have said that's in no way shape or form worth the time or risk.