I doubt you'll have someone knocking on your door to confirm you live there but I'm not sure I want the federal government investigating me for fraud. 

I am interested in starting to acquire rental properties in my immediate area (MA 02375) to hold and generate income.I'm close to making my first deal and out looking at all types of residential single & multi-family.I'm looking at cash and leveraged deals for myself, but would also be open to private lending for those that have a strong track record of success.I have written down my plan, assembled a team and am actively looking at properties every weekend with my broker.I am also investigating checkbook IRA LLC's and solo 401K entities to expand my portfolio.I'm just finishing up Brandon Turner's audio book on Rental Property Investing and look forward to interacting with this community!  

I was initially working with a broker who seemed able to help us, but after some investigation, found out that he wasn't licensed (and claimed he didn't have to be) and used to work for Apex Lending who has been ordered to stop doing business in NJ.Then we went to Lending Tree and got a few responses, but either the rates were wrong or people were saying we couldn't do stated income.

I also used to work for a bank and mortgage fraud investigation company; which is what sparked my interest into the real estate world.

Just attended a seminar at the local REIARisks1) Home owner inspection needs to be performed2) Code violations (where do you investigate them ?)

In larger cities and Boards of Realtors with active Real Estate Commission Investigators such activities could turn into serious matters.

This is something I want to investigate and do for a potential that needs work (buy and hold).

Further investigation and meeting with local builders will definitely be done to assess all options.

Devan, it sounds as if you may want to investigate the property further before preparing a pro forma.

As part of the CalBRE’s background investigation of applicants, the Bureau reviews all applicants’ criminal histories and determines if the applicant has committed any substantially related crime(s) which would serve as a basis for denial of the license.