That is not a smart idea, yes some areas are in blight but doesn't mean mass amount of homes need to be torn down.

MFR is a smart choice especially in the greater NYC area.

If the economy takes a dump (a la 2008), the borrower minimizes losses...it's a smart business move.

There are many ways that a lender can discover that a property isn't owner occupied or that some beneficial interest has been transferred.Frankly, they think they are out smarting the system or the intent of rules, regulations and laws. 

Fannie reps are smart and can probably tell the difference between the former and later. 

The prospect can scan the the QR and it takes them directly to the Cozy tenant application on their smart phone where they can apply, be credit and criminal background screened, and set up ACH payment for the security deposit and first month's rent if they qualify.I prefer getting my units leased out in a few hours using this method than by driving back and forth for one showing at a time.My time is money!

This is not smart, since when they sell the house, the unpermitted improvements will come to light. 

For some tenants the deterrent of not having their lease renewed can be effective in improving their performance.For the demographic I deal with, the problem with late fees is that if they are occasioned by difficulty in paying the rent it makes the thing they are trying to prevent (late rent, no rent) that much more likely.Running a business entails evaluating the commercial smarts of any course of action and is  more nuanced than just trying to collect every dollar a contract says you entiltled to.

I'm assuming I'd need a good team in place which I'm also networking to find, but I've heard yes and no - I am smart with numbers, just don't want to bite off more than you think I can chew.

Show local investors and your community that you are smart, hungry, diligent, but also operate with high integrity.