They seem to have an edge as they get all the heads up and probate stuff (questioning the morals/ethics... but those professions seem to be exempt from morals anyway) but I am working on this niche for sure.

Most brokers don't get into regulatory concerns or pipeline management for securitization or block sales, a better understanding of these "backroom" functions can explain a lot at the retail level.As to the contractor and seller financing:  There are state exemptions allowed for the number of originations, however when a property is newly constructed or rehabbed, those exemptions may not be applicable as there are special provisions for contractors are more strict under Dodd-Frank.

Yes, the homeowner exemption is only if you live there.  

A voter-approved measure effective in January 2019:  removed exemptions for owner-occupied duplexes and triplexes; andallowed the city council to add limitations to the law without an election.Owner-occupied duplexes and triplexes were previously completely exempt from BOTH rent control AND eviction control. 

An exemption to the "must be licensed" rule is if you're managing your own property or being paid a salary by a property owner directly.  

Keep in mind that many of the sites use 506(b) and the Lamp NAL or other exemptions.  

If that is the case, even if you buy it and are exempt from rent control...those tenants are grandfathered in, and they will never move.Regarding the basement...is 70% of the ceiling 7 feet or higher and does it have 2 means of egress in order to qualify for the basement apartment rules.

You don't have an exemption as a builder/contractor.

@Todd MaginUnrelated business Income TaxThe Unrelated Business Income Tax (UBIT) is assessed when a tax-exempt entity, such as an IRA or solo 401k plan, engages in a business activity that is not related to its general purpose.

The exception is available for blended families so that if by marriage, you gain children that exceed what your current bedroom configuration can accommodate, you will be apply to apply for a second FHA home loan.Extreme Commute - If you take a new job and the commute causes a hardship, you can also be exempted from the restrictions on getting a second FHA home loan.