Would your underwriter authorize a policy w/o an exception for the restriction?

Since the taxing authority doesn't care or know any better, they will sell homes without HUD seals so be careful.Beyond that, you will definitely find newer and better used options at repo lists (21st Mortgage, Vanderbilt, etc.) on Craigslist or Facebook, and from home wholesalers.

The second is you had the apparent authority to bind the corporate buyer. 

The title company will verify authority to sell.

Nothing is guaranteed and no one can predict with authority what will happen.  

If I only took into account the cash flow a property generates I would be missing HUGE income elements of owning investment properties.If I spent $100,000 to purchase a home then there's no way I could scale personally.Now, the author does address this 2nd point. 

The housing authority had been paying $495 and the tenant would write me a check for $455.

A copyof the license shall be provided to the Authorized Official.2.

(So I've been advised by somebody who is an authority on such things)Editorial:    Since laws on this changed in WA to not allow landlords to issue no-fault terminations I've now had two tenants willfully refuse to sign lease renewals  forcing me to decide between accepting their rent payments and letting them go MtM or refusing to accept the rent and risking a protracted battle to remove them.   

My lease also says that just because my tenant is authorized a pet doesn't mean they can add more pets or that guests can bring pets over.