You aren't required to offer a loan mod prior to foreclosure.

I did do a precursory investigation into what requirements are and it looks like there might be some zoning restrictions, as well as permits required.

FHA loans require living in the home as your primary residence for 1 year after purchase.

When it becomes exploitative as it has with China, it's bad and defensive actions are required.

However, when seeking a non-recourse lender, I suggest starting by reaching out to lenders who specialize in working with self-directed IRAs, as they’re more likely to understand the requirements.

Gotta say, the discussions here have been pretty informative, especially with folks like @Taylor L. and Andrew sharing their insights.Looking at your list, I’ve actually known invetors who recently ventured into Memphis and Greensboro.

Rent control measures, burdensome employment regulations, and excessive administrative requirements exemplify this.

I live in Colorado and I'm going to see if I can find a direct way to check folks background through the courts.

I let VRBO and AirBNB handle that.Bottom line is you are taking a risk every time you allow folks to use the house.

I know some that are 50- 150k per unit. those folks will dump.