Since I only have the one property at this time, I opted for Umbrella instead of an LLC. 

I won't go into the issues of consumer lending and someone saying their loan is a commercial loan, that goes much deeper in loan classifications than simply trying to define a commercial loan as proceeds funded for any business purpose.

I'm not claiming that the federal government isn't involved in our economy (far from it), but the notion that the federal government directly sets interest rates that consumers see needs to be addressed whenever I see it. :) I predict day-to-day interest rate changes based on what the radio says Wall Street is doing when I'm on the way to work, not based on what the chairwoman of the Fed is up to.The government sets the funding fee and monthly mortgage insurance rate for government loans such as VA, FHA, and USDA because it's essentially a government sponsored insurance program (think: Medicare), but not the actual note rate.

Hi, yes, you can begin with Dodd-Frank, collection requirements and foreclosure then off we go to HUD regulations, certified housing counselor requirements, then, check out the FBI site, consumer information is the easiest source, search for "foreclosure help". 

Many states have laws that protect consumers from stale collection efforts after 4 years.  

It has been my experience that these are fairly sophisticated transactions that can be very costly and time consuming. 

If you plan to manage a vacation rental it can be extremely time consuming but may be better then the 60/40 split you generally have with a vacation management firm.

This is about the adverse action letter and the FCRAhttps://www.ftc.gov/tips-advice/business-center/guidance/using-consumer-reports-what-landlords-need-knowAs I understand, a third party information must be supplied as the source for the denial If you only had a telephone call with this applicant it may be moot.

It is a commercial mortgage, not a retail consumer mortgage @Josh Braun.

We are having reasonable success with direct mail, but it's a time-consuming process that also takes lots of patience...years, to be exact.