membership is something like APPL which is just non regulated group of private investors working on best practices but there is no authority behind them like  state license or NMLS registration has ..

Best bet is to carefully analyze the zoning maps and regulations or just call the town and ask.

Make sure you thoroughly know how the regulators view the way things are being done, before committing to a "creative financing" technique.

More deals are killed by procedure and regulations than anything else it seems. 

A furnished LTR model sounds more appropriate for students as there shouldn't be much movement outside of summer months.

I recommend them when they are appropriate as any good agent should.

@Jonathan Greene @Jay Hinrichs @Nicholas L.Note: Each state has their own way of handling and regulating foreclosures, and as someone who is not specializing in foreclosures I can give you only general ideas and information. 

Tax structures and mortgage regulations might also shift as canada mortgages are very different.What do you think would happen? 

It is a federal regulation but some states reach out and screw you.

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.