However, it's always best to check with the Los Angeles Housing and Community Investment Department (HCIDLA) or a local attorney to ensure compliance with any applicable laws and regulations.I hope this information is helpful to you, and I wish you the best of luck in managing your apartment complex.

Let me know if I can be of any help with forming your fund or if you have any compliance questions. 

They laughed and assured me that they did not and would never do anything like that.

The consequences seem to depend on how aggressive states or regulatory agencies check compliance AND penalize non-compliance.In GA, we've heard that the state aggressively seeks unlicensed note investors and forced a note investor to sell his whole portfolio.

I am a newbie here on BP, not quite sure how to best approach building relationships and avoid being a nuisance.To share a bit about myself, I recently started as a loan officer with Sherman Bridge after spending about 2 years in loan compliance so I'm extremely excited and enthused about being in this space now. 

So rest assured, landlords... they have your interests 100% in mind... while they are screwing you.

If you found it on an auction site, be assured that's probably the opening bid, and likely well below the seller's reserve price.

I won't stay at a place unless I know the address beforehand, so I can assure safety and security for my family.

I already have an established SDIRA, and have done a few investments through my current Custodian via their normal compliance review, and subsequent funding process on a deal-by-deal basis.

We as lender prefer DSCR loans because they provide a level of assurance that the property can generate sufficient income to pay the mortgage.