When that happens I think you would have a hard time challenging the assertion that an STR is simply a residence, same as a LTR.

I think a small fraction of REI getting into the SFR game have their heads up, actually know what's entailed in the goal of getting 50 SFRs ( a new job mostly) and for them this mindset works.

Trying to buy foreclosure  and all that entails then have to fix them all up etc.. this is a huge under taking.. 

Though I applaud you for your small claims victories, I've actually fought real estate issues in US District Court and in US Appellate Court (and won by the way), so I know there is a substantial difference between what you are asserting and what reality is.Fun to have the back and forth but it’s time to go back to bothering random people by sending random faxes to their random fax machines, hoping they will sell a random property to me.

This is my first time looking into a owner finance and I'm trying to figure out if it's a smart move and what else it would entail to ensure a good deal...A neighbor across my parents is willing to owner finance his home to me to turn into a rental property.

Plenty of people (agents included) can come up with pie-in-the-sky ideas of how to change and improve a house, but few have a real understanding of what that work entails, what challenges will need to be overcome, and how long it will all take and what it will all cost. ...how did this agent know all this info?

Many people don't realize that there are 2 types of title insurance policies: 1 only protects the lender - so as soon as the loan is paid off and the mortgage is realesed the owner cannot make a claim on the insurance policy; 1 protects the owner's title so the owner can make a claim on the insurance policy anytime anyone tries to assert interest in the propertyPlease Note - just like any insurance policy, there are "exclusions" or things the policy will not protect against.

In my area it is common to not only require a lease but often to end the lease in May as that is when rental prices spike slightly every year.Better check the tenancy legislation in Maryland first to see if there are prescribed notice periods, to ensure you do try to assert something contradictory in your lease.

@TylerSmiarowski, you're just wrong on your assertion.

Any advice/thoughts/questions on what all this would entail with the current eviction situation?