@Danielle SpearsI'm no lawyer, but I don't see why RE agents would be barred from being owning a business.

Anyone know a good RE Lawyer they can recommend in St.

I'm not a lawyer, but I have heard from several investors that even if you set up an LLC outside CA you will still need to register with the CA franchise tax board and pay $800. 

That is a great question for your lawyer :) but the way I understand it, as long as you have an established relationship with your partners prior to the investment (and other criteria), a syndication isn't required. 

However, I am hoping that a few more experienced members can PM me to provide some advice.Background: I am a corporate lawyer that started purchasing investment properties a few years back.

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.