He said there may be a stipulation that the propertie have to be held for at least five years.

The lease stipulates charges for late fees(an initial charge and then daily).

By "business activity", it is written in a vague fashion but I take it to mean that you should have some "revenue" in the business, though there is no stipulated minimum.

The only way I have found to do it is with the use of option contracts.It is generally a fall back position for me as I wrote in this thread: http://www.biggerpockets.com/forums/93/topics/70322But when using one, I stipulate clearly that once a buyer is found, the parties will enter into a standard contract, which get's my name out of it.

But has no other liscensing stipulations on who can remodel or build.

There are stipulations on what percentage (it's small) can be sold at the beginning of the holding period.

The contract should stipulate that upon the turn-over of occupancy, and after a completed and approved walkthrough of the interior that the property is in good condition, at that point, occupant receives cash or cashiers check, never ahead of time.Kelly Payne - Never pay any "deposit" of cash for keys, 10% or even 1%. if occupants agree to a cash for keys, it is paid in full, only upon the day of vacancy from the premises by the occupant(s).If occupants do not agree to cash for keys and IF they threaten destruction of property if evicted, note the condition of the property and send legal notification that destruction of property will be prosecuted to the fullest extent of the law.

Fannie has stipulations on selling for 3 months or for a certain percentage if not you can be fined 10 to 20k.

The following deposit requirements and concessions stipulations will be applied based on scoring model recommendations.

If you don't tell them, and you can sleep well with that decision, when the bank amends the complaint and serves them, (timeframe unknown), you can almost bet on they are going to withold rent.Second, what is to prevent the disgruntled owner to sign a stipulation for summary judgement speeding up the banks sale?