As a n exercise, you can look up recorded (all (M)LO must be by law) documents for (M)LO in the county you plan to invest.

The style of the home, the space you are trying to heat, the price point of the property all play a role.

(Not everyone qualifies for the 401k)There's much misconception regarding the role of custodians and administrators, as well as the extent to which they should be relied on for advisory services.There are many excellent companies, but as the number of custodians/administrators has swelled it has become increasingly difficult to navigate the space.

We're to the point of exercising the option now, but the title company wants a letter from my bank (I still have a mortgage), stating that they're ok with this wrap. 

Believe me, when the roles are reversed and you are paying 1% on your primary residence that was once an investment no one will be making a claim of it is illegal, especially the bank as they collect a higher interest rate.

If they want to restrict my rights as a property owner, they will do so, but I will always find a way to exercise my rights and go to court fighting it. 

Or if they don’t have the money to take care of a serious problem that could end up costing you a lot of money, you may want to step in and take care of the situation to protect your asset because, at the end of the day, it is still your asset until they exercise their option to buy it.

Just remember you are a problem solver for a seller, and your role to a cash buyer is to bring them value - a good deal.

With vacation rentals (especially in upscale, high-revenue areas on the beach) amenities such as pools, lazy rivers, landscaped grounds, exercise areas, etc are key in attracting year-round visitors.

Land is always money draining exercise since no cash flow and only cash out.