They also have no restrictions on the amount of vehicles they can have, and the contract specifically says that the tenant can cancel the contract at any time. 

Lots of people with druggie / alcoholic kids give their estate to a non-profit or put restrictions on the person inheriting.And him not wanting the 'family' to know means that there may be restrictions to him inheriting, otherwise why would the 'family' care? 

Bend is a good place to purchase for many reasons, including restrictions on growth of the housing stock in the area. 

FHA has restriction on the condition, termite, permit etc. 

I have yet to find my first deal, but I’ve established a series LLC that allows for compartmentalization of each property, restricting the liability to each series.

California tends to have more laws on the books and requirements and restrictions that it can be a good idea to form a CA LLC for out of state property so that you as a CA resident are covered, and to try to have your contracts fall under the purview of CA courts.

@Andy Webb some tenants may have a restriction on their end when they first begin but they can square it with their bank. 

It's really a shame because the code where I own my investment property does not have an owner-occupancy restriction to permit an ADU--as it should be if a town wants to increase the supply of housing!

Also as David said watch out for AirBNB restrictions in some of the metro neighborhoods.

Review title commitment and survey to make sure to deed restriction and/or HOA in place that would stop you from doing 4 plex2) Meet up with City/County planning office to make sure 4 plex can be build and lot has enough parking spot . 3) Talk to an architect to get an initial foot print, layout and foundation type (i.e. pier beam or post tension slab) 4) Bid out to get estimate for both soft cost (survey + construction drawings + Permit) and hard cost (cost of building)  Without #3 you really cant get hard estimate Problem is that you may not enough time to hash out #2-4.. prior to closing the land ..