Thoroughly analyze and underwrite potential deals to showcase your due diligence and seriousness.4.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

When I worked with them, they were extremely reasonable with their borrowers when credit was not available to figure out working solutions, which steamed from the due diligence and experience they did on the borrowers.Corey Dutton, DFA does not prevent HML on primary residence, it does put rules around loans as they relate to primary residence.

For me personally, I would like to do more due diligence, especially when it comes to new builds.  

This is why it's important for you to make sure you do your due diligence prior to contracting the property.  

The key with condo complexes is to do due diligence on each individual complex as far at whether they are warrantable, VA-approved, and whether they might be facing any upcoming special assessments or have issues with the state-mandated structural integrity studies and their reserves.

Do your due diligence though. 

It should be a win-win for both parties in the future.Buyers will win because they will do their complete due diligence and use a professional (as opposed to a family member or friend with just a license, who sells 1 home every 2 years lol) so that they can get the best representation possible. 

Have your standard Home/Hazard insurance on the property and your personnal "umbrella" policy for liability.The company itself will be required to maintain their own insurance and each patient/resident under their care will sign a contract with that company, not with you as the property owner.I have a 5 br home in Oahu, HI leased out for the next 3 years to a residential assisted living facility above FMV rent.Biggest thing is making sure that the company does THEIR DUE DILIGENCE in pulling the permits and making any changes to the home in order to comply with the state regulations.

In both instances you want to do your due diligence on anyone you give money too2.