If I wasnt building my own homes and selling them, then my house just becomes an instrument for my family to use with not much financial upside.

I have some properties here in the Portland area, but am also investing in the Kansas City Market.I had all the same concerns that you have expressed and jumping on a plane to spend a few days in the market, meeting the local operator that I was interested in working with, and physically seeing their work was instrumental in getting over my "mental hurdle" of purchasing out of state.PM me if you would like to meet up.  

Some will try to get over in the short term, but most will understand that this situation isn't going to last forever and eventually the music will stop playing. 

Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[…]D1-4.1-02, Allowable Exemptions Due to the Type of TransferUnless the previous borrower requests a release of liability, the servicer must process the following exempt transactions without reviewing or approving the terms of the transfer:A transfer of the property … to …a limited liability company (LLC), provided thatthe mortgage loan was purchased or scuritized [sp] by Fannie Mae on or after June 1, 2016, andthe LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).

At least one borrower who signs the security instrument and the loan note must live in the home to fulfill the owner occupancy requirement."

Here is an excerpt from Fannie Mae's guidelines on POAs:Allowable Attorneys-in-Fact or Agents Under a Power of AttorneyExcept as otherwise required by applicable law, or unless they are the borrower’s relative, none of the following persons connected to the transaction shall sign the security instrument or note as the attorney-in-fact or agent under a power of attorney: the lender;any affiliate of the lender;any employee of the lender or any other affiliate of the lender;the loan originator;the employer of the loan originator;any employee of the employer of the loan originator;the title insurance company providing the title insurance policy or any affiliate of such title insurance company (including, but not limited to, the title agency closing the loan), or any employee of either such title insurance company or any such affiliate; orany real estate agent with a financial interest in the transaction or any person affiliated with such real estate agent.

Renegotiated the notes to 7% interest.  6 months later the tenant in the rear building, a music school and event center moved out and I sold the building to a business needing warehouse space for $1,075,000 and paid off the note with $50,000 left over of which my 60% was $30,000.  

I think I would have a talk with this guy and if it didn't go well, maybe show him what elbows do to teeth.Your other option could be to blast some Wesley Willis music in his direction 24/7 until he removes the sign.

CDOs are instruments backed by the underlying collateral of the mortgage and the mortgage itself remains as a valid and whole transaction and can be foreclosed upon easily.

Everyone owes this site thanks for the wealth of knowledge that has been so very instrumental to where many of us new investors are!