@Shiva Bhaskar Their law stipulates 2 things, under the age of 10 = 10 years in prison; between 10-16 yrs old, and actor is 3+ yrs older than victim = 15 years. 

There are also a ton of bad actors in this realm who do shoddy rehab work and market weak properties to out of state investors as turnkey.Those caveats being said, it can work very well. 

(F) "Foreign real estate dealer" includes any person, partnership, association, limited liability company, limited liability partnership, or corporation, foreign or domestic, who for another, whether pursuant to a power of attorney or otherwise, and who for a fee, commission, or other valuable consideration, or with the intention, or in the expectation, or upon the promise of receiving or collecting a fee, commission, or other valuable consideration, does or deals in any act or transaction specified or comprehended in division (A) of this section with respect to foreign real estate.

The way I look at it with these rates in like a baby in a candy store, but I feel like its a trick.

Added advantage is that commercial property notes are available in larger principal balances, are not tied to borrowers salary or income, are not subject to Federal regulation via the Dodd Frank Act or CFPB, nor are they subject to state laws regarding homestead or personal residences.In 1999 I started investing in notes personally.

., BP doesn't allow lenders/brokers to work on their platform (which is understandable with the amount of bad actors right now). 

Rather than just punishing the single bad actor, they come after the countless number of good landlords. 

Such a life changing book and philosophy- only to fall to into a shady MLM get rIch quick scheme complete wIth actors and InfomercIals .

Originally posted by @Wayne Brooks:Agreed, please don’t be tying up people’s houses facing foreclosure if you can’t actually buy....then when you can’t find a buyer they no longer have time to find a real buyer.this is why on the west coast they passed laws in how you can deal with people in foreclosure.. of course like many things real estate does not stop the bad actors.. but there laws on the books to prevent those that have no ability to close from abusing homeowners in distress

If the IRS thought you were a bad actor and wanted to get at you anyway, could they challenge a refi done immediately after a 1031?