Additionally, you may qualify for the owner occupant exemption if you live in a unit within a 4-plex (or smaller), where you would technically be exempt from the fair housing act, but this exemption may not extend to your individual state or municipality. 

I never did research much about the new system in AL, after the redemption period expires and you file a lawsuit to foreclose?

Some of the most basic information you will want to know during the tenancy are:1. periodic reports from the PM regarding inspection results, including pictures and notes2. periodic (e.g. monthly, quarterly) finance reports from PM3. lease terms of new or renewed tenantsThey should contact you about:1. major problems or concerns with the tenant or property that may warrant termination of the tenancy or non-renewal.

Add a short statement at the end outlining whatever you are changing, have all parties date and sign, and you are done.Example: "Landlord and Tenant agree to extend this lease for an additional 12 months with a new termination date of 12/31/2025 and a new rent rate of $1,950.00 per month."

Quote from @Bruce Woodruff: Is the nightly rate that you can charge, enough to give you a decent ROI, within a reasonable time period?

Hi,I did a private lending, term was 1 year. there was a clause that borrowed can extend loan (if lender is ready) for 2 times, each time for 3 months. but borrower has to pay 1 point for each extension(3months). so extension can be done total 6 months.Now, after 1 year, borrower keep paying interest .3 years went like that.Now Borrower wants to pay off. in such case what should be Loan extension point added.Thanks

Do I find the title company during the inspection period?

Make sure you are asking about all the terms - the maturity date, the adjustment period, the costs, etc.  

I am on the same boat, and tried to use my business purpose loan origination experience and they still need signatures from a broker verifying the hours and time periods. 

The greater metro area’s median price was flat over the same period with a ~1% change to $459,450.