Prom notes are a security unless exempt .. 

However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...

I still think they need to upgrade their security for me to trust their system again but at least their customer support was able to sort it out, just took some time.

So it's important to ensure you have records and the issue is that sometimes guests go in with lotions etc. which cause irritation. 

Buying and rehabbing ensures you grow at a pace you control. 

Title companies perform detailed title searches, revealing all recorded liens and their positions, ensuring you have a clear understanding of any potential encumbrances.

Ensure you are buying in an area you want and can see your family living in.

-How are arrears handled, how do you ensure once arrears are caught up that seller doesn't walk on you. - Can you do subto with a lein on property.

So Bank, when writing a loan, must ensure that property's worth is greater than the loan extended, so if and when borrower defaults they can foreclose on the property, auction it off and get back the money lent.

It also confirms the amount of security deposit and the lease ending date.