@Jason Allen  If this is in your state (California), this is what's suggested by the California Department of Consumer Affairs in their landlord-tenant handbook:

If you start investing without getting your personal affairs in order, you're almost guaranteed to fail.

Whats up BP!To begin, I am a soon to be real estate investor with enough of a nest egg to begin my first deal here shortly. I have been obsessing lately over books, podcasts, webinars, etc and am starting to put the p...

I'd say let the courts figure it out.I firmly believe that private citizens should not get intentionally involved in foreign affairs with malice intent on the internet.

I want this so I can bring it to the city for approval.plus where it's located I have to be approved by the department of veterans affairs before anything can get started.

I wouldn't want to utilize this approach with such a low rate of success in the "lease back" option if it risked my being seen as predatory, even if it the actual reality of it was that the sellers were unable to pull their affairs together in order to stay in the home. 

Affairs, No.

In NJ, there is a great resource for new landlords (and tenants) called the Truth-in-Renting handbook, available from the NJ Dept of Consumer Affairs. 

Very nice William E.I'll go ahead and throw out one of the terms I saw in the glossary.Conventional Mortgage – A type of mortgage not insured by either the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), and thus usually requiring a 10 percent – 20 percent down payment.

You should look at the NJ Department of Community Affairs, Truth in Renting Guide for landlords and tenants.