Quote from @Reed Rickenbach: John - as long as you are still following strict screening criteria I agree for single family.

New Jersey state law allows for owner occupants to have much more freedom. 

. - You will be at risk of breaking the law, as many states are creating laws that effectively ban wholesaling, and while wholesaling gurus claim that this is not the case, they are either lying or deluded.

Looking forward to reviewing these options.Here's the PA law: https://clsphila.org/housing/security-deposits-in-pa/Any bank account will work.

I have a separate interest bearing account for security deposits as required by my state laws.

Purchase price: $185,000 Cash invested: $5,000 Sale price: $220,000 Occupied by my in-laws.

If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate  to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney. 

As Jay mentioned they must be NMLS licensed if owner occupant of in several states even commercial needs licensing.The NMLS is like the database, each state has a division of banking that oversees lending requirements then you also on the federal level have CFPB as well as consumer protection laws.I want to add that I believe yesterday the CFPB is undergoing changes, but if it goes away that does not mean that many of the laws in place especially consumer protection laws would go away. 

Property taxes, income taxes, sales taxes, declining population, unfavorable rental laws, winter weather.

With an SDIRA, you can invest in long-term rentals while preserving your retirement savings, but you must follow strict IRS rules:1.