I finally received a demand letter from a "nonprofit attorney" representing the tenant, claiming that the tenant was living in uninhabitable conditions—typical for a non-paying tenant, I guess—and now she wants to "renegotiate" the rent and keep living in the same space.She has been filing complaints with various government departments, but all the cases were minor and have been closed.

The client cup of tea is loan assumptions with value add.

If you have less capital, you can bring those skills to the table in a partnership and attract financing from others.If you're a veteran, the best strategy is to do a house hack with a VA loan.

Typically there are no loans....all cash, same day.If you can withstand the headaches and risks, I do see a few people killing it with rent-by-the-room. 

However just know that you wont be eligible for most residential loans if you decide to put it under an LLC assuming your needing funding.

I come from the mortgage industry as a loan processor and a loan closer and those legal docs templates we used were created by a  real estate attorney, therefore, it's the same principle that allows a TC to do the same thing.

We just did this— it’s a lot of work but we are happy with the final product. 

These loans often have interest-only payment options, meaning you only pay the interest for the duration of the loan or a shorter period based on the market conditions.

The second property would need to be under a loan product other than a primary conventional.Appreciate it!

However, I only plan on staying in the property for one or two years before moving to a new home.Do I have to live in the property for the entire loan term (i.e. 30 years), else have my loan revoked?