The suit was filed a month before we signed the purchase agreement and of course they neglected to inform us so I have an inquiry to the agent to find out details and if it will impair his ability to convey title.

From the bank's perspective this is de facto equity and does not impair their tertiary source of repayment.

How would the lender argue that their security interested was impaired?

It's an impaired asset and must be classified as such to auditors and regulators, because of the transfer.

In the world of note investment, does high inflation impair the real return on investment (compared to the nominal return) for the long-term note investor?

The term “transient accommodation uses” includes but is not limited to hotels, motels, recreationalvehicle parks, tourist lodging facilities, resort condominiums, resort dwellings, vacation resorts, and dwelling units occupied or available foroccupancy on an interval ownership or “time share” basis, when any of the above are made available for occupancy more than three times in anyconsecutive 365‐day period and the right of occupancy is for a term less than monthly.The term “transient accommodation uses” does not include any of the following uses if such use otherwise complies with the applicablerequirements of the City and is licensed by the State of Florida, if such licensing is required by law: bed and breakfast homes, community residentialhomes, nursing homes, rehabilitation facilities for persons with drug, alcohol, or physical impairments, respite care facilities for persons withterminal illnesses and their families, short‐term/emergency housing or long term housing where allowed by this chapter, and child foster homes.The term “transient accommodation uses” does not include a guest house dwelling, when one or both of the sleeping rooms are located as apermitted accessory use within and incidental to the primary residential structure and the primary residential structure is owned by a naturalperson and occupied by the owner.

See http://www.biggerpockets.com/blogs/3/blog_posts/39...the CFPB has the final say on owner financing.Creative Financing is useful for not just credit impaired investors; there are restrictions even with good credit on US Govt backed loans such as FHA 203B http://portal.hud.gov/hudportal/HUD?

Thank you for the kind words @Kim YounkinFor the copy and paste impaired here is the link to The Ultimate Guide to Grading Cleveland Neighborhoods.

HUD requires reasonable accommodations to any reasonable difficulty or impairment that a tenant may have, it is absolutely not restricted or limited under the ADA or limited to only physical impairments.

Examples include providing a parking space for a movement-impaired tenant and accepting a guide or service animal in an otherwise “no pets” building. ?