You'd probably have to have the plans set on a plot map to show the dimensions of how the home would sit on a property and what the setbacks would be to see if it met city regulations before construction began.All in all, you'd more than likely have to meet with someone in the planning department of your city and submit the floor plan, your permit application, and your plot plan.

There are a lot of regulations governing those types of transactions and the penalties are very sever if you misstep in them.

Beware local regulations.

Last Friday, the Treasury released their Proposed Regulations [REG-115420-18] on Opportunity Zones - possibly the best tax shelter created, ever!

Like some laws, regulations, and some hidden things I might be over looking.

No downside that I can think of since title is still regulated AND a fiduciary. 

just because its a syndication, doesn't mean it has to be regulated by SEC. 

You might talk with a local non-chartered bank and see what they have to offer, often they have more flexibility due to fewer regulations.

Less regulation especially if your dealing with a direct lender. 

This situation wouldn't exist in the vast majority of states.Investors can learn the laws and do better than an amateur but they will always be at a disadvantage and always flirting with disaster because it's heavily regulated, litigious, and the courts and attorneys are primarily leftists.I know an investor that bought houses and apartments back in the 70's so he has 40 years experience and was worth about $30 million.