We're not allowed to do this. ;)Moderators: notice that this was just a joke between two colleagues, both tax professionals.

I’d offer to sign the form if I was allowed to cross out everything between brokerage firm and during the terms.

What is the recourse for the tenant who signed the lease under each individuals name?

Keep working, saving money, and buy the best asset that your budget allows.

For those interested, a combination of mortgages with no “due on sale” clause, mortgage companies loose due diligence, and title insurers willingness to “turn a blind eye” to practices that wouldn’t pass scrutiny now, resulted in tactics like the “second mortgage crank” which not only allowed investors to purchase properties with no money out of pocket but allowed investors to actually walk away from closing with “cash in their pocket”.

Quote from @John Morgan: I’d do individual cash out refis on them to scale up.

It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.

We are in the top 10 fastest growing big cities right now, so families and singles are constantly flying in to check out the area.Raleigh allows short term rentals if you apply for a license.

When an individual landlord prices their rental, they do based on what the other ones in the neighborhood have rented for. 

It will give you a 30,000 feet view of real estate investing as a whole for different strategies and will allow you to find new ideas and to explore and see what works for you!