I would not enter into something like this lightly though because it gets lawyers involved, can be subjective in a court of law, and can be very expensive but if he tries to foreclose later if you are not able to refinance it may be a last resort. 

I would tread lightly in Glenville.  

Hi,I am about to become a first time landlord and was hoping someone could shed some light on what type of insurance I should be looking into for renting out a single family home.

I’m still lightly researching other avenues while I educate myself on wholesale.

What was done:Painted inside and outPainted roofReplaced flooring with new laminate, tile in baths and carpet in rooms.Replaced the tub, vanity and lighting in the master bath and tiled the shower and floors.Replaced the vanity and lighting in the guest bath and tiled the floorsPainted and repaired cabinets and installed granite counters and subway tile backsplash.Moved master closet door from the inside of the room to the bathroomRemoved original closet door in hallway and moved it to the master bedroom so that the master had a "his and hers" closet.One of the smaller rooms had a cubby hole next to the closet so you could fit a small desk and chair.

I don't make this statement lightly - I grew up in Austin in the 80s and 90s and have lived in Bham since 2011, and over the past 7 years I've seen and felt a lot of similarities between Bham now and Austin circa 1990s. 

Some light reading online gave me mixed answers as to if you can legally do it anymore.

They don't take shoes off, leave lights on, open closet doors, etc.

Hopefully you can shed some light on the subject! 

I know entrance into the Property Management industry is not something that should be taken lightly, but I plan on treating all properties strictly as business and this part of the puzzle huge for my overall vision.