Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.

It really helps to speak to someone at the agency because they often will give you recommendations on how to do what you want to do legally.

Being novices in the game we do not have the legal or business background to know where to begin on accepting funds.

selling notes do not have to get permission from the payor on the note to be legal nor do they have to notify but its common to notify so you know where to send your payment.

In Metro Detroit area, police will not remove these types of occupants (they are afraid of scamming landlord having police remove legal tenants), calling them a "civil matter" forcing landlord to start court eviction process.

You really want to have your contract approved by an attorney even though California doesn't use attorneys for transactions.

Then, we can continue.For now, I've proven my case so many times over even Hillary's opponents would approve.

You need a proof of funds or a pre-approval to go with any offer so if it's hard money, they will issue a letter.

Is there a legal limit on how many rental units/tenants we could have on one single family lot?

We had to get a signed lease and first months rent and security deposit on our current home before we could get approval from the bank.