Living on the property is a stipulation of FHA loans, not mortgages in general.As far as the SFH and doing a vacation rental, I'm not sure if that is an issue as I'm not familiar with how the FHA loan reads.

Does the TREC contract have the 'right to assign' stipulated? 

Thanks That's incorrect, based off my general understanding of landlord tenant laws. usually, local laws stipulate that occupancy for more than several weeks, personal items in residence, and/or receiving mail at the residence establish tenancy.

You can get by for now with having the tenants supply their own window units, but the municipalities in NC where my rentals are stipulate landlords must provide a heat source. 

Make it easy for her to help you by setting up and paying for the attorney yourself.If, after you set things up, she refuses to sign, then I would take the step stipulated in your agreement. 

Just shop them and ask them what their stipulations are. 

There are other stipulations, but this is a broad enough definition to assume that other outlying suburbs are similar.Also, keep in mind that Minneapolis offers a $250 deduction off of the fee if you attend a rental property management course (in-person). 

From what I read and heard from a representative when I spoke to them on the phone, there was no mention of a stipulation that the funds be used for a primary residence.

This civil penalty may be recovered in any action brought under this part by the enforcing authority; or the enforcing authority may terminate any investigation or action upon agreement by the person, firm, corporation, association, or entity, or the agent or employee of the foregoing, to pay a stipulated civil penalty.

What the IRS does stipulate that all activities of the plan must be for the exclusive benefit of the plan beneficiaries.The IRS recommends the following criteria to determine if a plan’s policies are for the exclusive benefit of the plan participants: The cost of an investment must not exceed its fair market value (FMV) at the time of its purchase.A fair return commensurate with the prevailing rate must be provided.The investment must be sufficiently liquid to permit distributions per the plan terms.The safeguards and diversity that a prudent investor would adhere to must be present.So put that in perspective relative to the lending arrangement you are considering.