An investor who has participated in a subject to transaction without lender approval should NOT assume that they are safe from note being accelerated because a certain amount of time has passed.  

This is the first time I've heard of a city or municipality doing something like this. 

My first flip!

I find that most of the time, paying points up front isn't worth it in the end.

So far the biggest challenges for out of state investments has been finding reliable contractors or help to complete projects on time and under budget.

one of my clients that has a pretty big PM company.. had a unique way of doing this.He offered 50% of the first months rent or 500.00 minimum.. he would have 4 or 5 agents at the weekly meeting handout the list of vacants .. each of them would go place a sign in the yard and first come first served.. he found that potential tenants would call the first sign if no answer they called the next one until finally someone answered.. it worked pretty awesome for him. 

It took a lot to comply with their permit expectations and was frustrating and time consuming.

Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

I have not talked to him one time.   

Donald Trump has also expressed several times he will do everything he can to influence the Federal Reserve to reduce interest rates, although he cannot directly control what the Fed ultimately does.