In more liberal areas, a small landlord may be sued for 5M and get an obscene judgment and in more conservative areas, the same issue may not justify 100K.

The reason this is done is policies are allowed to liberalize their coverage to include losses that other policies would not include.

Because of their nature, the FHA loans are inherently risky (high loan to value, inexperienced borrowers, liberal income guidelines) and because they are riskier than say a regular conventional loan at 80% ltv, the mortgage insurance is higher (significantly higher) and doesn't go away like it used to.On the other hand, for a first house that will accommodate up to 4 units, I say FHA is the way to go if the rents qualify.

OB no longer has the feel of the liberal, cheap, small surf town (which I loved).

Not applicable to true investment properties, etc, which is way more liberal financing.)

If you Get the munchies then go buy a bag of Doritos or something ,I force them to  sign a lead based disclosure attachment .Sadly Like most major metropolitan cities Detroit is ran by corrupt insane liberals that cause the problem ,then offer to sell you the solution .

If you don't think that's unlawful and unconstitutional you need to remember what country you are in.As my very liberal attorney said, "It's the first time in US history that I can think of that the US Government entered into a legal, two party, private contract and changed the terms.

LA is more liberal though than other areas, so that's just my experience.

Third, most builders will have in-house financing and will get very liberal in lending requirements if the market slows, pressure to move to the next project, meet quarterly/monthly sales goals, etc...which will give your potential tenants an avenue to own new it instead.

VA is a pretty fair state as far as tenant/landlord, but did recently switch and is starting to become more pro-tenant as it gets more liberal (ex: switched from 5-day pay or quit to now 14-day).