After you have fulfilled the owner occupancy time requirement (usually 6-12 months) you are then free to keep the residential mortgage, buy a new house with a new residential mortgage, and rent your old one out.

He wants to sell ASAP and not have to come out of pocket to fulfill his loan.  

Is there a certain form I would use to fulfill the statue of frauds?

I believe in life-long learning and continual improvement in all aspects of life, and that principal does not change with investing.Over ten years ago, with mostly sweat equity and a HELOC, I completed a total gut-out to the foundation and frame and remodeled the current home I live in.

After some cursory searches on zillow last night, I almost immediately came across a property (a 4-family property) which is very close to fulfilling this goal.My questions are as follows:1.

Don't know exactly why, but it is much more fulfilling to be able to interact in these discussions instead of just being a by standard.

Read as much as you can, ask as many questions as you can, and don't be afraid to post questions and updates about your projects as you go.Congratulations on starting out on a very fulfilling journey!

As of now, the intention is carry out the lease to fulfillment on the husbands end.

Under that section, the landlord shall maintain the premises in compliance with all applicable provisions of the municipal code and shall promptly make any and all repairs necessary to fulfill this obligation.You may be wondering, what does that have to do with smoke alarms?

I realized very quickly that If there is ever a time to make a leap and try to be an entrepreneur (my life long dream) it was now while I had no family responsibilities.