Those of us with portfolios in previously non-RC areas upstate now all of sudden are slapped with a yoke around our necks and become unwilling participants to the socialism we try and avoid by purchasing north of the Tappan Zee.The way I see it, any little town is just one Democratic mayor and a small activist group away from permanently altering the livelihoods of their landlords.

The laws are changing regarding this for purchases and LLC created over the last couple years, so the middle step of the Land Trust is not longer required to avoid the Due on Sale Clause - as long as they dont change the laws again.Land trusts were used for a long time in this capacity and have not been altered, so I personally still utilize them to avoid all the changes that keep happening with those loans.

I encourage you to always keep it in mind and do not be afraid to alter it if things change.

This audiobook was "Rich Dad/Poor Dad" by Robert Kyosaki and I have to say that it was truly eye-opening and perspective-altering. 

I would also make sure the tenant was referred to the section of my lease that states: “…Any additions, improvements, or alterations to the Premises made by the tenant of a permanent or semi-permanent basis become the property of the Landlord.

State that any/all inspection/repairs that they engage on the property will be at their sole expense and that the property may not be altered in any way during said as they are not the owners. 

Since I can alter my opendoor closing date, my lender is saying the Old home must be closed before they can get the appraisal, since that will need a FHA case number, which they cannot get without the previous FHA loan closed.

Thanks, I guess I would just need them for the alteration building permit?

In the FHA guidance issued in 2013 in regards to this issue it states a landlord can deny an emotional support animal if the accommodation “would fundamentally alter the nature of the housing provider's services.”

Please be advised that each market varies so you will want to alter expenses accordingly.