From google: “The Fair Housing Act (FHA) does not apply to certain types of rentals, including: Owner-occupied buildings: If the building has four or fewer units and is owned by the person who lives there Single-family homes: If the owner rents or sells the home without using a real estate agent, and they own no more than three homes Religious organizations: If the property is only available to members of the organization's religion Private clubs: If the property is only available to members of the club Senior housing: If the property is designated for people who are at least 55 years old Even if a property is exempt from the FHA, it must still comply with the law's ban on discriminatory statements, notices, or advertising.

Very cool piece of real estate, unfortunately it doesn't even make sense at the $650k asking price.

Research them away from their reviews and see real experiences.

A real chump move in my opinion.

She can also do postdated cheques, so you can deposit them on the 1st of each month. 

Also helping was a relationship with that bank (deposit accounts) and good credit. 

Negotiation is a key skill in real estate.

But have always invested in real estate. 

I have never done this before even though I am a licensed real estate managing broker however I don't feel confident enough.

These are NonQM loans that underwrite by using the gross cashflow (as evidenced by net deposits in your bank account or how much was reported on your 1099) and then applying an expense ratio (usually 30-70%) to determine your gross income.