I see this talked about in CE class. but in practice never going to happen.as stated above.. until you have all signatures offer counter offer, Acknowledgment of counter offer. you have no contract... you simply have an offer.And it sound like you went in at a price YOUR agent recommended so it was not full price.. so there you go... most important word in Real Estate is NEXT. 

You get a place to live, you get to practice being a landlord.

Also, if you become a PRO member, you can have access to amazing tools and resources like:Weekly webinars:https://www.biggerpockets.com/webinarOr the forums, or great guides and books:https://www.biggerpockets.com/real-estate-investin...https://www.biggerpockets.com/renewsblog/2015/01/3...https://www.biggerpockets.com/renewsblog/2014/01/0...http://get.biggerpockets.com/flippingbook/Or you can analyze deals to start getting practice before you actually jump in:https://www.biggerpockets.com/flip-analysisI would also suggest you look for local Real Estate Investing Associations or clubs meetings to begin networking with people in the industry.

I do HML and I want my borrowers to show trustworthiness, good business practices (paying their loans on time), and ABILITY to repay.  

I just didn't know if it was a common practice for her to be there or not.  

I'm currently negotiating for a package deal of REO properties form a lending institution and I'm having my contractor do a lead inspection HOPING and PRAYING that those properties have lead so that this lending institution will be ready to practically give these properties away.

We are a little familiar with the managing from a distance, but I would appreciate any and all lessons learned/ best practices you would be willing to share.Thank you,Tameria Dishman

So just wondering if that practice would be a no go or something that shouldn't be a problem.2.)

They might do this themselves if self managed, but even large 3rd party management companies will change their accounting practices in preparation for a sale if the owner so desires.  

I trust most active landlords have heard of the April 4, 2016 "Office of General Counsel Guidance on Application of Fair Housing Act Standards to the Use of Criminal Records by Providers of Housing and Real Estate-Related Transactions" For those of you who have read the guidance, what "policies and practices" have you put in place for specific prior criminal behavior?