I find the whole deal interesting as I would also think that, if the homeowner still on a mortgage, and they leased, say, part of their backyard to the solar company (maybe roof was not structurally sound, but plenty of southerly yard), it would trigger something like a due on sale clause, as the homeowner has given up part interest in their property, correct?

I understand someone house hacking when they have a guest house or basement apartment with a separate entrance.I just want to make sure you have thought this through before pulling the trigger on this.

If the tenant is on a periodic annual lease, then you will have to provide notice in compliance with local tenancy law and the terms of the lease.

After 3-6 months of that, you might be ready to pull the trigger on YOUR first deal. 15 years from now that income property could be your baby's college tuition?

Its okay on compliance.

Many of my clients are in the REI industry.I can assist in structuring deals, clearing title issues, sending demand letters requesting compliance with contracts.  

Any suggestions would be greatly appreciated before I pull the trigger on this deal...

Hey all,Quick overview of my situation:I've been wanting to pull the trigger on my real estate investing portfolio for quite some time now but I am stuck in analysis paralysis.

If you're having trouble getting past the analysis paralysis stage of rental investing, you're going to have the same issue pulling the trigger on properties to get under contract.

If there is a mortgage attached to the property there's a 99.99999% chance there's a clause in the mortgage that requires it be paid off when you sell - regardless if it's in your personal name or an LC.Yes, it does complicate things when doing 1031 - but not really... there are rules you have to follow to stay in compliance with 1031.