also to collect late fees, lawyer fees and filing fees, your lease has to have them identified as 'additional rents'.

Legally speaking i dont think they can lend just anywhere so you need to find a local lender for your deal or at least one who can lend for deals there.If your deal is in another country make sure you consult a lawyer about the legal requirements of wherever you are investing as an out of country investor (and your home country). 

Some lawyers say it is a technical default.

However the homes acquired in such a manner are rarely properties you would want to live in.As a Corporate Finance Lawyer with many years of experience in the Securities Industry and Real Estate I have been able to develop unique strategies that enable RE Wholesalers to become End Buyers of the Houses they contract to purchase.

I am pretty sure you are incorrect that it is discriminatory (but, I'm not a lawyer) aside from maybe certain local ordinances.  

Hi John,You always need to check with a local lawyer as laws are different state-to-state.

I have a few questions about this process. 1) Does the JV operating agreement need to be set-up by an attorney/lawyer in the state I plan to invest in?

The schedule terms (as in the project taking twice as long as agreed upon) can be given penalties in the construction contract (talk to your lawyer).

However, I have to say that my understand, and I am not a lawyer, is that even if you don't have a property you have to register with the SEC before you can show them.   

There is an optional $20/mo optional eviction coverage, stating that in the case of an eviction, the PM will pay all associated lawyer and court costs.