(That's the quick and dirty version anyone wanting the long version let me know)If you cannot get permission to live off base but have 40k to invest you should start looking around for pure income properties.

That is starting the conversation, then we chat about the market etc, I ask for permission to "touch base" with them later on if they are not ready yet.

- Legality of having that many units under 1 roof (aka, did the conversion happen legally or did the owner just do it without any permits/permission)- If the zoning was for a duplex, and now there is 5 apartments, does that make it a commercial property?

Condition the loan on permission to monitor his other mortgages for new arrears appearing after reinstatement.

@Clint McGraw Conventional loan can't be close on LLC name although you can transfer title with lender permission after closing on LLC name. 

Even fewer banks are willing to let you close in your own name and transfer the deed to a entity with permission.

Does he need my permission or can this be done without me?

At the same time, I cannot go in except with tenants permission.

I am wondering whether anyone has done so with a lender's permission. 

No parking of RV, trailer, boat, or anything else without Landlord permission.