-The form used for identifying the 3 properties within 45 days, it's not an official government form like a W9, it's just a template style that varies?

Plain and simple.Tenants have rights, applicants do not (aside from the housing police regulations)If your first applicant is unemployed or does not have a consistent two year employment with the same employer (which he does not) he does not qualify and should be rejected without further consideration.  

Why would you carry forward a loss, if you have the option to get cash back (or pay less cash to) the government now?... 

I do agree that there is not much of a difference between a regular IRA and a self-dieted IRA including the lender "allowance" of more and easier lenders available and the way to cheat the government and for personal benefit ways that you allready have in a typical IRA.  

Rather he halted all pending federal regulations so that they may be reviewed.

One other thing that the General Public thinks is that Real Estate is a way to get Rich and that Property Values always go up...Dumb Money believes what the Government tells them and they get all their information from TV.

Though I think the fundamentals are way stronger than in 05-08 days because of the regulations and underwriting scrutiny, that doesn't mean they are immune to a correction.

@Jay Hinrichs   I am in total agreement that buy and resell is what all the regulators want.In Texas, the problem is a little more complex. 

@Alan Grobmeier government regulations make building starter homes in many markets not feasible.Take our market in PDX I am building 23 lots right now.. we pave on Monday.44k per lot to develop them  does not include soft cost of 5k a lot for eng. and permits. so say 50k and they are shovel ready... and this does not include the cost of the dirt .... now building permits are 30k per house.. 

Keep in mind that each of the three are regulated differently and that contributes to the various programs available by each one.