For example: https://statutes.capitol.texas.gov/Docs/IN/htm/IN....The law very specifically states that insurance companies are required to make loans to their policy holders secured by the cash value of those policies.

This means that absence fraud, the mere fact that the issuer complied with the safe harbor exemption will be a successful defense against a disgruntled investor lawsuit.

If it is merely a fleeting desire, you may forget it during your time in Toronto. 

If you paid $100k cash for the house, you merely write it off as $3k per year depreciation instead of the whole $100k at once. 

Aside from the long-term financial benefit of pulling permits, I'm a huge proponent of doing it right, not merely from moral stand point, but that fact that the permit review folks and the inspectors (there's maybe 6-12 people looking at the project at the gov't level), are additional eyes on the project who want nothing more but to see the project succeed and not kill anyone.Just my two cents....

Unlike a sale involving a mortgage, there is no transfer of the principal from buyer to seller but merely an agreement to repay that sum over time.With only two main players involved, owner financing can be quicker and cheaper than selling a home in the customary way.

After all, a mere letter will usually generate enough fear to force many investors (at least those with substantial equity or considerable investment in the property) to take action.   

It must include the following: Be in writingSigned by both spousesThe phrase: “with right of surviving”, “will become the property of the survivor”,``will vest in and belong to the surviving spouse”, or “shall pass to the surviving spouse.”Texas Estate Code Section 112.052(d) states that a survivorship agreement may not be inferred from the mere fact that an account is a joint account or that an account is designated as JT TEN, Joint Tenancy, or joint, or with other similar language.

There is a difference between opinions (most answers here on Biggerpockets are mere uneducated opinions) and data backed FACT (I show proof ALWAYS.

For me, RE is simply PART of my portfolio.