Consumer loans obviously have a boat load of additional regulations unrelated to SB978. 1) I have to make a disclosure filing with the CA Department of Corporations for every loan that involves a non-accredited TD investors, that if isn't done properly can have real consequences ... reason one to work with only accredited investors.2) There are limits on LTV, like 75% of as-is value for NOO SFR TD investments, that must be followed unless you have funds control and fancy appraisals.

Anyone see any benefit between an S-corp or an LLC for this deal?

@Andrew NguyenHUD.govA buddy filled a 3 family with student housing 10 beds she takes 100 month per bed off the top the owner gets a better return she makes 1,000 month on a property she does not own or manage just fillsStudent Housing, Homeless Veterans, Corporate Housing are popular

So, if someone works for XYZ Corporation and says they've been laid off and aren't getting a paycheck so they're not going to pay, what would you do?

Suppose the business is a corporation.

Most of the bigger banks (US Bank, Bank of America, Wells Fargo, etc) will probably not deal with you, and will eventually list it with a Realtor.

When you're talking about a loan made to a corporation or government entity, these are called "bonds".

Lots of cash buyers from South America and China pouring in.

This is definitely better posted on "off topic" as most of us can't honestly reply in this thread without getting too political :) I did hear that we take in something like $250 Billion per month and it takes $24 Billion to service the debt .... so I'm thinking nobody seriously thinks America is going to default.

Also I know some banks will still work with you if you have student loan because most of America has one and there families still buying homes.