I have a PA home I'm currently using as my personal residence, traditional bank financing, >20% equity, that I've been in for almost 2 years. 

Although in my city Lake Oswego if you miss the height restrictions you are going to have to tear your roof off and fix it.. U

In case anyone runs into this in the future, the Land Lease will convey for a property bought in PA if you meet the right criteria.  1) You must be a PA resident.  2) You must have a primary residence in PA other than the Land Lease.  

Hiring a PA is always the best way to go when you have property damage.

Lets say after you remodeled it u want to keep it, you can refinance with standard lender, but what if there is no 20% in equity?

For example, as a PA attorney, I cannot fathom how NY Tax Sales are constitutional (they are, but they are still crazy to me coming from PA). 

http://honolulu.craigslist.org/oah/apa/5132598581....$1200 rents.  

http://detroit.craigslist.org/okl/apa/5136670181.html

either You Pay & Play....or You are a "spectator" 2 the sport of getting rich...it's that simple.Nothing else comes close,Nothing else is more secure, with a higher return, where U can determine exactly how much work U're going 2 put into it,U determine what U're going to sell/rent/1031 it for,U determine who U'll lease option it to & 4 what amount....there really IS nothing else Like it!

Try it out: https://raleigh.craigslist.org/search/apa?