The banks are audited and regulated on the state and federal level depending on how their charters are set up.They have to show the loans are underwritten with extreme controls incase of a default so they don't lose their jobs or worse face indictments for mismanagement of a bank.Some Canadians choose state here where TD bank branches are located.

State requirements vary and all require a background check.as required under federal requirements.The RMLO license sets you up as much to being a MO as an agent's license allows a RE agent to be hired by a real estate brokerage, but you'll be an employee of a lender in most situations.

I am working on a possible deal here.Our real estate goals are to do fix and flips to build up our cash reserves and then start buying cash flow properties to build an ongoing residual income for retirement.I am an IT Specialist for the Federal Gov't and my wife is a Medical Administrator.

Any implication or threat of ED to a land owner is regulated at the state level and often federally if that entity is tied to federal funds toward any project.

No leverage would be used.I've read "The purchase of a business operated via an LLC or partnership will POTENTIALLY trigger the Unrelated Business Taxable Income rules under IRC 512 and a corresponding tax of approximately 35% would be applied"What I cannot find are the actions or measures one should take to eliminate or avoid the potential trigger?

The alimony payments are taxable income for you and are a deduction for your ex.  

On the other hand, as an experienced flipper and estimator, he also reaps the bulk of the profits.In addition, my deals are legally structured to avoid certain issues that come up often with flippers and funding - that of requiring a loan originator and loan broker license in order to properly comply with federal law (even on personal deals like these).Contact me privately, if you wish.

By the way, it is a federal offense to open another person's mail box, if you are not a postal employee.

Hope it helps.Just want to point out that "no children or older children" is a violation of federal fair housing laws.  

It actually lowers your taxable income (most people forget to take this into consideration).I will end by saying this.