@Paul Callaway You can do any of the scenarios you described in the last sentence.

No doubt @JD Martin you just summed up this guys 13 paragraphs in 2 sentences. profligately??

Any key words/sentences I should add??

I think a better policy is to automatically deny anyone that completed their sentence within the last 3-5 years.

You don't want to end up telling your story on "The Big Short 2: ARMpocolypse".That last sentence is exactly what I'm talking about.

Don’t agree with your conclusion.....it appears the the lease automatically reverts to month, the crossed out sentences simply refer to a proration if the tenant leaves before required date, due to notice of not renewing the month to month.  

With every one, I have to translate it into an investment thesis that I can write out in 3 sentences. 

You should be able to do them all in a year or so.Brian, another question that comes up relates to your last sentence there.

The 4th bullet is a weirdly coherent merger of 2 other bullets from the original 12 (not that you'd need to use an attorney and accountant to set up your cozy.co account), just that the sentence totally makes sense otherwise. 

@Rich Hupper FHA mortgage fraud carries a maximum 30 year prison sentence and $1 million fine.