If the person stops making payments, they alas,  have to foreclose.

When structuring a deal, what might work for one person, may not work for the other.

i would never tell a random person on the internet where they should live. 

A new person moves in and she says the upstairs neighbors are creating a ton of noise.

Don't talk yourself into a place because of personal use.Buying a $475k condo that brings in 35k in gross rental income will lose a lot of money.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

The question is, what is the intention  of the owner, not what would a reasonable person think is the intention of the owner.

Not sure if they have upgraded to desktop appraisals but if they are still doing in person appraisals , make sure you get everything (scope of work, good faith deposit, social, LLC docs, insurance, proof of prior experience, financial statements) in ASAP.

Personally, I just don’t know if it’s worth it.   

In person is better than over the phone if possible, as I have been told by annoyed or lazy clerks "NO STR allowed" as that was the easy button to get me off the phone, or if they are anti STR.