In short, some of the risk of a giant headache is shifted onto the HOA.

Also make sure their security deposit gets shifted to you!

While it can be difficult to dig through the census bureau has good information on population shifts.

I definitely had a paradigm shift after reading that book.

However, if you exceed the prepayment allowances set out under the terms of your financing agreement, there will be penalties (as laid out in your agreement).An open mortgage typically has no prepayment restrictions, but, in exchange, the interest rate is greater.I am sure mortgages vary around the globe, and my personal experience is limited, but thus far, the only significant variation in underlaying lending principals I've encountered has been in societies where it is illegal and/or immoral to charge interest.

Get rid of all the frivilious trappings of todays society.

Shift gears to building a new primary residence on the vacant lot, "anchoring" or keeping the 100 yr old house as a rental.

I have done some research on why LLCs should be used, but am a little unclear on how to shift properties into an LLC.

Brandon Turner's book "The Book on Rental Property Investing" has led me here.I recently changed careers and work in the Financial Industry, this shift has given me the courage and confidence to learn more about real estate investing and push myself to get started.

@Jack Vaughn Thank you so much for your guide, I've been having this dilemma for a while shifting from place to place trying to find my specific location to search for homes.