This is an environment like no other.

Additionally, with the current trend towards more and more restrictive conventional lending guidelines in the post Dodd-Frank environment, I never want to rely on a conventional loan program for my cash exit strategy, to allow me to turn my money again by acquiring additional investment properties.  

While our state has a lease/option regulation, that doesn't mean you can't do them successfully so that owner and tenant/buyer both can 'win'.

From my understanding, the only regulation is that a licensed person cannot pay a referral fee to someone who is unlicensed.

Anyway don't know if their are regulations for that.So how do people normally do it?

(This is true especially in subdivision development where the developer must undoubtedly meet requirements of the Illinois Plat Act and any other applicable local regulations before the land can be successfully subdivided, which specific requirements will not be addressed for purposes of this question).On the other hand, the developer could advertise what he does have for sale.

I, however, like the  appreciation with the benefit of a landlord friendly environment.  

What kind of entity are they and who regulates them, such as a bank or secondary market servicer? 

In fact, because they are generally decently paid and are in a regulated industry, they are probably much less likely to be a problem tenant (and bite.)  

There was no hostile, non-permissible, negligent environment under which the contract was formed.