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I think there may be some condo rules/by-laws that prohibit this (that when a unit is purchased it needs to be owner occupied first and a for a certain amount of time before renting).

This was a bit of a let down hearing all of this, since there don’t seem to be many duplexes or front houses with in-law suites that would serve the same purpose.Is there something I’m missing?

In some areas, there are some really strict rules for creditors when it comes to homestead law.

So this is new to the 32 states who did not require this by law prior. 

I tried to tell that to my Brother in Law when he bought 3 properties in Worcester County, MA in cash. 

Hello, I am exploring being an investor in new single-family home construction in a busy/in-demand metropolitan area. I had a home built by a local builder a few years ago and have been interested in getting into bei...

In regards to point 4), you mention the possibility of a tenant living for free indefinitely inside an unwarranted unit, due to the inability of the landlord to enforce rents, and the inability to perform an eviction.It's my understanding that if the Department of Building Inspection (DBI) discovers the unwarranted unit, it's possible for them to force the landlord by law to legalize the unit.

Private lending is the perfect investment for a retirement plan in our view, and we practice what we preach exclusively in our plan.

It also depends on the type of properties (some less expensive ones attract more problematic tenants) and the local laws around rentals.