income, revenue to the state/county, these properties are less likely to be eye sores and can/will help drive up property values for neighbors (catch 22 here)...etc.i live in rural area on Maui and have seen my share of legal and illegal VRs pop up...i don't really have a dog in this fight either way, but would probably like to dabble in this market as well should the rules/laws change...right now the process here on Maui is just too cumbersome (probably that way to make it unattractive) to become a legal VR property.I do wish you luck and ask that you post back with your findings/results for the other Hawaii folks!

I wouldn't be surprised that if an inspector catches this, you'd be susceptible to huge fines. 

Those would likely catch up with you over time.

Bob Smith First off, kudos to you for reviewing the returns and catching the errors.

Was counting on a lump sum payment to catch him up, but it hasn't materialized for him.  

The catch is that Fannie and Freddie (to the best of my knowledge) will not underwrite a 2 unit manufactured home (it’s not a modular, it’s a double wide duplex, 6/2).

In over 22 years of landlording, we have never met a smoker who didn't eventually smoke indoors once the weather turned bad, in spite of our no-smoking policy.We impose a $50 fee every time we catch someone smoking on our property (inside or outside) or have sufficient evidence to ferret out a confession.

What is the catch here?

HowdyI'm surprised the buyer's lender didn't catch this right off the bat.The contract needs to be dated on the 91st day, to meet the FHA Guidelines.Unless guidelines have recently changed this is the rule.Good Luck.

I did.....Catch my drift?