Every state has regs on this ... for example you can't use Bank... you need to either find an attorney or find the controlling statute... you can probably call the department of state to find out where to look

Hello @John Whitridge - look into Ration Utility Billing System (RUBS) and make sure it is supported by your state statutes.

Exactly what your lease states, as well as the state statutes, will determine what you may or may no do. 

Also, read up on Ohio landlord/tenant statutes to make sure you catch the state specific deviations from the guide.

The statute is worded as it is to stop these frauds from victimizing the public.

Pull up your state statutes on mortgage lending and look for the exemptions.

This way, the LLC is a controlling interest in the property to get around any statutes requiring a manager to be a real estate agent.  

Plaintiffs don't have any information early on as to your business structure, so they will "shotgun" and name everyone who could potentially be involved to make sure they file against the correct entity before the statute of limitations expires.I am not YOUR lawyer, but it seems to me your bigger problem is that your insurance policy does not have you (the property owner) as a named insured.  

Start using the land and then get free and clear title after the 3 year statute of limitation.

Yes, it looks like "source of income" is in a few state statutes.