I want to pull the trigger on my first rental property.Here are the numbers:PP is 99k and turn key.

---not legal advice as im not a lawyer----but anything that is/could be disguised as a mortgage could violate the safe act compliance....that is where some people do rent credit...your familiar with this correct?

But having said all this if you really find a great deal then make sure you analyze the numbers well and don't be afraid to pull the trigger! 

I couldn't afford to make my real estate investment dreams become a reality or I wasn't thinking creatively.Anyways I finally pulled the trigger last month and purchased a 1600 sqft duplex (1bed, 1 bath units) for 90k with the intentions to owner occupy.

The agent has to go into the hudhomestore website and fiddle with something and that triggered the auto-email. 

The other group will warn you that if you do that when you still owe a mortgage, it could trigger the due-on-sale clause, although it rarely seems to.

Creating an LLC could be fast and only taking a few business days.You can also get your EIN imediatly online when the IRS website does not crash like it did for one my LLC and I had then to revert to fax and wait 2 weeks for the fax back.However getting a bank account could be an ordeal with certain banks and take over two weeks for their compliance Dept to approve it.Last, if your lender is ok with it, it would be better to buy your property dIrectly under the LLC name.

But it's not protected under the Federal Fair Housing Act.Here's a link to what's protected under the Federal Fair Housing Act:RaceColorNational OriginReligionSexFamilial StatusDisability   Even apartments.com's own Terms of Service don't seem to prohibit what you posted (again, as long as you didn't reference source of income):Compliance with Fair Housing LawsAll Content is subject to federal fair housing laws, which make it illegal to indicate in any advertisement any preference, limitation, or discrimination because of race, color, religion, sex, physical or mental disability, and/or familial status.

From the experts in the community, what kinds of things about this property would make you want to seriously dig in further or even pull the trigger?

The tax docs list as a 2-unit but the owners + seller's agent insist they have zoning compliance paperwork that it's a 3-unit - our offer has a contingency on getting the zoning paperwork for a 3 unit.My question is related to the garden unit - what constitutes a legal bedroom?