I’m not an American citizen but I might get an O1 Visa, which allows passive income. 

Try looking for non-conforming multi-family, like houses with unfinished basements (area dependant), then puchase the home with FHA, then finish the basement and either move there yourself and rent out the main floor, or visa-versa.

I view the tenant as my Place holder.

The issue is on my mortgage holder's site, it states the following: "According to the Homeowners Protection Act of 1998, examples of conditions that would prevent the cancellation of mortgage insurance include, but are not limited to: a non-owner occupied residence"So does my mortgage holder have the right to not cancel PMI, even though it has reached 80% LTV?

For this test the voucher holder cannot spend more than 30% of their income on housing – rent + utilities.

That is a list that includes the account holder, their spouse, and lineal family, among others.Your father could pursue a strategy of lending to real estate investors as a way to diversify his retirement savings, but his IRA could not lend to you or a business you control.  

For me, having the lien filed is preferred since it provides a public record and the lien holder will be notified in order to clear the title if the property is sold. 

The TLC holder earns the prevailing interest rate of the County that issues the TLC.  

And so, holders of real-estate are no different.

You can get a title company to issue title for a foreclosure purchase too, you should look in to going that routeyou would need to be arms length from the current owner/ borrower to cleanly wipe out the second, if you know them in anyway, you could be entangled, pass on it or stand a good chance of being sued by the lien holder of the secondI can tell you in Texas, there are no absolutes when it comes to legal stuff.