Not a federal offense you say.... no, not today, but it sure will be once it's a big deal and politicians are running to look good, and just remember the words "retroactive".

I called the police, an offer came out to the property, and told me to start a criminal trespassing case against him because they can't do anything about it until it's officially a criminal offense. 

They also can help lighten the stress when it comes to dealing with repairs and they can be your front lines for screening communication between the tenant and the owner.

No offense to your banker...

I called around to a couple of agencies and when I ask them if any agents also invest they take offense.

And I would not share with you :)Petty people take offense. 

But then I'd say you're probably not in the price range you should be, or are looking at this the wrong way (no offense).If you have closet to 116k to put as a 20% down payment, then surely you can understand buying a place at that value with as little as 3.5% down via FHA loan ($20.3k), and leaving the extra $95k plus in your bank account or wherever it happens to currently reside.

I prefer meat and potatoes over sloppy soup.In this biz, you also have to have a tad of thick skin, taking offense so easily on this board will slow your roll.

Seems to me if you need to ask, you're not really ready to broker notes, no offense, but being able to better clarify the question.

I am in the West and that is a lynching offense!