Kinda skimmed posts;All the areas mention by the OP are federal requirements, except the number of applicants part.

it obviously has to be reasonable enough for the private lender to agree to it, but once you do make sure you speak with an attorney to get it on paper for both of you AND to make sure you are within the state/federal laws (e.g. usuary laws, etc...).  

Unless you're investing in government debt, in which case your interest may be local, state, and/or federal tax free depending on the debt issue.Adam

Fnma and other government entities as well as banks are exempt from disclosures regarding the sale of properties obtained through foreclosure. 

MLO was needed to originate the mortgage at the time it was done  2011. if its not 1 to 4 units then no MLO is needed.And if its owner occ then for sure its needed and all the other QM standards.There is today a carve out for less than 3 mortgages .. now I am unclear as you are successor in interest and did not originate the originate note. .but If you do originate this new note. there is a good chance your exempt if you do not have more than 3 in a year and half a dozen in your portfolio.I would though simply call the Division of Finance and Corporate securities in Oregon that governs this.. they are pretty nice folks and get one on the phone and ask the question. .they will usually answer it if its this easy.. have your questions ready to go..

The tenants have Section 8 vouchers which means a certain dollar amount of the rent comes straight from the Government or State, and the tenant is responsible for anything over that amount. 

Here are some statistics and news articles that expand upon it:http://www.bizjournals.com/sacramento/news/2016/01/22/sacramento-job-growth-outperforms-state-totals.htmlhttp://www.capradio.org/articles/2016/11/18/government-leads-sacramentos-october-job-growthProbably the most interesting aspect of the local job market is whether or not the tech industry will catch on here as the city's new leadership is hoping:http://www.kcra.com/article/new-tech-startup-to-bring-dozens-of-new-jobs-to-sacramento/6430255If we can lure enough start-ups here by giving them free money to help their business and showing them that their employees will come here to stay and not just establish themselves and leave like they do in San Francisco, we'll really have something. 

The government is also intimately involved in the real estate market.  

The thought of having the deal with local government building & health departments persistently finding problems, DEA agents, and possibly other agencies should the tenant do something illicit in their business is just not worth the rent, and or the xtra rent.  

I am military as well and if he has one of the same federal credit unions then there is not much that can be done.