IF you read it and recall, there were a number of realtors and lenders that jumped on the bandwagon making it sound like that was not the case.

I spent months reading, browsing forums and meeting with other investors to prepare.

He should read his mortgage and see what it says about renting and/or converting to rental.

I read the permitting process and it seems somewhat strict.

Read this first: https://en.wikipedia.org/wiki/...Willful violation of the TCPA can result in fines of $1,500 PER CALL - and there's a long line of lawyers lined up, waiting to sue you, like:https://www.schmidtandclark.co...https://www.classlawgroup.com/...https://www.classaction.com/tc...And lots more.Maybe re-think the cold calling and SMS approach.

I have been listening to the Bigger Pockets podcast for years ever since I was in High school I have read a few of the classic real estate books.

But what made me think about it for you as I read your post is the LULA feature. 

After reading your post, it makes me want to try it on my own first.

Quote from @Anthony Vaganos: I will definitely make sure to read the loan agreement but that was told to me verbally by a conventional lender during my diligence work.

I listened to podcasts, watched YouTube, read blogs and tutorials and just decided to go for it.