That way you could rent out the first property and also generate income from your primary residence as well.  

In the same agreement we see that this protection period is only for 30 days- so that means on day 31 we can sell to a buyer that saw the property assuming we have a new agent/listing, correct?

I just put some at my personal residence.

Thanks for any help’ Yes we're licensed there and FHA guides in one state apply to all states unless a state has a specific law that supercedes the FHA lending guideline.FHA is always 3.5% down minimum (in some cases less because you're using a DPA or down payment assistance program or 2nd lender to put down over all a lower down payment than 3.5%, Aka for instance 3.5% DPA + 96.5% FHA = 100% financing but just dont kid yourself this is fully 100% leverage and to be used with caution and carefully).In the case of 2-4 unit FHA is still 3.5% down payment @Matthew Kwan @Carlos ValenciaThere are rules regarding FHA such as:- primary residence - you must occupy one of the 2-4 unit property as your primary over 50% of the year and the underwriter needs to believe you will remain and have the ability to live in there, any deviation from this and you'll get a whole laundry list of conditions asking you to prove why you should be believed to be living or will live there (if this arises dont be surprised, it just means the UW doesnt believe you).- SS rule - self sufficiency rule - gross rents of all potential units 2-4  X gross rents at 75% needs to meet 1:1 or 100% of the monthly PITIA payment or greater.

Investment Info:Single-family residence buy & hold investment.

I think my attorney is giving me a little more, like audit protection or some such.

Investment Info:Single-family residence buy & hold investment.

We have a 14-page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Specific Questions.With a long term one year lease term, with month to month terms after, how difficult is the process to "force" the Tennent out if needed to move into the property as our primary residence.  

A lot of people think they are protected from lawsuits with an LLC.