EMD, loan application fee, securities attorney retainer, due diligence expenses, etc.). 

It just means that you cannot retain the security deposit and you will have to find other means of collecting.

Hello all-  Briefly- I used a HELOC on property A to buy Property B which I am now trying to sell with 100 % owner financing.  Im paying X on the HELOC, but collecting XPLUS on the note.  I've crafted terms that are a...

They would have to pay an attorney $5,000 retainer just to get his attention to have him tell them they have no case. 

I got a feeling that life as a Private-$ Investor may be a great place to start, and these properties lend a perfect means to testing that out, solving 2 issues in 1 action, because you can JV your way out of the operational side of things AND retain that long term financial upside. 

My observation is that the city for the most part looks the other way on on renting all 3 units out.  

You'd retain full ownership and profits.

Then observe the result.

Without rent credits, the seller retains all rental income, but the deal might be less enticing to buyers. 

However, from the perspective of the tenants I know, including friends and family who are Section 8 tenants, I have observed some concerning behavior.