I am glad you picked it up and are able to describe what is happening so clearly to warn others.

I would screen as you always do and if everything else is clear, take the tenant! 

For investors, this makes this winter a great time to acquire your next deal.To be clear, any correction, in my opinion, will not be related to an economic slowdown, but rather the opposite.

The contract was clear, half down, half on completion. 

After that, I sell the relinquish property at $450K, free and clear.

To be clear I have never paid for a coaching program.

Moderators have no clear guidance on when to suspend or ban someone.

Thanks for clearing that up.

If I was the originator on this loan (loan officer, lender, or whatever title is used), I would have made this restriction very clear to my borrower if they had explained that they wanted to eventually use the property as a rental.

If it does, then to me the answer is absolutely clear - take that money out and add more property.You will thank yourself a million times over when you see what that choice becomes in another 10 years. btw: I would add that I am very skeptical of anything in florida these days.