@Jason Merchey For more details, check out title 37, chapter 22 of the SC State law: http://www.scstatehouse.gov/code/t37c022.php (emphasis added):(30) "Mortgage loan" means a loan made to a natural person primarily for personal, family, or household use, primarily secured by a mortgage, deed of trust, or other security interest on residential real property or security interest arising under an installment sales contract or equivalent security interest against the borrower's dwelling and: (i) located in South Carolina, (ii) negotiated, offered, or otherwise transacted within this State, in whole or in part, or (iii) made or extended within this State.By definition, you didn't "make a mortgage loan" in the context of the legislation.

We also see this on the construction side, with varying interpretations of code - so a large part of our job is advocating for homeowners to push back on local jurisdictions requiring improvements that CA state law prohibits.

Although, the likelihood of this and enforcing it if not honored is a whole 'nother animal.

I just found one that is 73% below the AVG for the area so there is lot of money to be made on this.I didn't have and don't have the $1000 to join the program and now I am glad I don't.What zip code is the deal in?

Did you go to the Tax Lien Code seminar that came here recently?

So, if they have a lease with 8months remaining, and you buy on an owner-occupant mortgage requiring residency within 3 months (typically) you would have to take the vacant unit and honor the remaining term of the existing lease.When that lease expires, I am guessing, you have every right to not renew their lease.  

City referred to me some rule called Green Code rule from PGE but cannot find any info on it online.

So if anyone happens to know where that threshold is or where to look...like MD law, codes, statues, regulatory body, etc.

All that being said my brokerage sold several in that zip code just this month so it is a potentially profitable area.

I have sent postcards with QR codes for owners to scan for market updates.