Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

I've never had to test it in court, but in my eyes, you have legal justification to keep a fee paid to you, because you fulfilled your end of the agreement and held the property for them. 

@Arman BagdasaryanCancel and move on unless the property has appreciated significantly - if that is the case then I would put pressure on them to fulfill their contractual obligation through your attorney

The tenant is legally obligated to fulfill the terms of the lease.

If all three of your properties are investment properties, you would be eligible to purchase a home (SFR up to a 4-unit) as your primary home with an FHA loan.There is no need to “adjust the mtg to make it an investment property”….after you have fulfilled the one year occupancy requirement you are free to move out, convert it to a rental, and buy another primary residence, with an owner occupied loan.There are however other issues…the lender has to be convinced you will actually move from a sfr to multi unit. 

It becomes a self-fulfilling prophecy: when people think prices are going down, they don't buy, and prices go down. 

The best part to qualify an agent to fulfill this role is ask them have they successfully done these themselves.

How much time do you have to live in a property to fulfill the requirement to live there for a mortgage? 

How much time do you have to live in a property to fulfill the requirement to live there for a mortgage?

When both parties fulfill their responsibilities (which is the way interpreted #3), there is no reason an investor cannot have a sustainable and reliable investment.