@Yashar Fred too much trouble dealing with this government program and SAHA particularly yet another example of government waste.

I would do the following, at a minimum:-request that he complete your rental application (hopefully you have a thorough application),-request identification documents (government-issued),-require that he provide you with proof of his visa status and the authorized length of stay,-verify his employment, income, and financial stability, and-contact his previous landlords for references.If he cannot satisfy these application requirements, do not approve.

This is a huge overreach on the part of the government.

Although insurance may cover the rebuilding of your property, it could be vacant for months or years until the community recovers and people return.Operating costs: Every dollar lost to property taxes, and insurance is a dollar less for you to live on.Rent control: Government control of your rental property can transform a promising investment into a nightmare.Location Selection Process and ToolsYou can try to analyze all possible cities in the US and select the “best”.

If you do a construction loan, I would recommend Jason Chambers at United Federal Credit Union (I can send contact info) and Patrick Blackburn at Movement Bank (I can send you info).

Median Income and Job Growth: With a median income growth of 103% over the same past 20 years combined with a 2.39% job growth, Sacramento is filled with medical professionals, government jobs, and professional services. 

While a title company might provide a note and mortgage, it will not prepare a complete, bulletproof loan package.Our package comprises over 20 loan documents including a note, deed of trust, personal guarantee, lender’s instructions, business purpose loan certification, entity certification, various federal and state compliance disclosures, and more.

There is also a Federal Grant currently in place the FDIC Banks and private lenders can use that offer not only down payment grant money but they cover the mortgage up to 75% similar to section 8.Please let me know if you need additional programs or breakdown of my original post to help this young man.

RESPA and this part apply to federally related mortgage loans, except as provided in paragraphs (b) and (d) of this section.

@Tanganika DardenThere are “finder” companies locating all kinds of unclaimed funds in government trust accounts.