I wonder how regulated the field is for a person who would lend "on the side" while working a non-real estate full time job.

At a time when the governing political party is destined to dial back health care access in the name of liberty, you want to be strategic about that.

But I'm in Texas and you're in the land of big government and corrupt unions, so I have no idea what prices will be like in your area.

If you draft a note you want to make sure that the note is compliant with any and all Federal and State Regulations.

It lets you buy bonds (usually Real Estate) for government projects.

Does anybody know about using government grants for buying multifamilies or renovations for a multi family?

Private lenders are an abundant source of funding, but there's no bricks-and-mortar establishment, no standard process other than SEC regulations, just your own ability to build relationships - a key skill for an agent / broker.My $0.02 ...

Call yourself anything you want, regulation change or not, you are brokering real estate without a license.

I think HUD's own rules should govern this and not city policy.  

Highly recommend driving around or checking out deals on Zillow, Redfin, Trulia , Craigslist, rentometer and other apps or sites to find deals from For sale by owners ( FSBO: some are motivated, some Distress), Government ( FHA, HUD, VA, etc.), Banks (Real estate owned: REO, etc.).