@Kole Kingslien  Guidelines for land contract:- Payoff of Installment Land Contract Requirements When the proceeds of a mortgage loan are used to pay off the outstanding balance on aninstallment land contract (also known as contract or bond for deed) that was executed within the12 months preceding the date of the loan application, Fannie Mae will consider the mortgageloan to be a purchase money mortgage loan.The LTV ratio for the mortgage loan must be determined by dividing the new loan amount by thelesser of the total acquisition cost (defined as the purchase price indicated in the land contract,plus any costs the purchaser incurs for rehabilitation, renovation, or energy conservationimprovements) or the appraised value of the property at the time the new mortgage loan isclosed.

If your state landlord tenant regulations do not indicate a landlord may charge for his time then all landlord time (office, overall management, physical labour etc.) is considered to be part of the operation of the business and is compensated for through the investment income.

Additionally, you cannot receive funds outside of escrow....another indicator of fraud. 

The first section indicates that the bank account be specific for that purpose, i.e. security deposits. 

@Brandon LewisFor investment properties I look for several key indicators- Local businesses/restaurants/shopping centers near by- Easy access to public transportation- Proximity to local schools and the quality of those schools- Investment in the area (is the area being built up/commercialized?)

It was a good indicator of how they treat people and provide service.

The score is simply a statistical summery indicating a indivulaes probability of defaulting on money owed.Since a landlord is usually the first in line to be defaulted on I base a great deal of importance on credit scores the same as financial institutions.  

All indications is that it will become a buyers market soon.

Long story short I get a phone call from my mason indicating the owner is likely suing him.

The handyman indicated he would install the laminate at a rate of $2.25/sq ft if I provide the materials.