As long you can provide a reasonable story and supporting docs to persuade the underwriter that you are buying this house in this state as your main primary house.

Survey of mortgage terms (click to enlarge):From left to right, 1.25 points, 1.5 points, 1 point but $41k in fees.Prepayment penalty: 5 years declining, none, 2 year lockout followed by 10 years defeasance.Commentary/review/discussion: I tried to provide three very different options here, but all still real ways that people actually acquire such assets.

You will have to get the alderman on board (politics..) and then the neighbors about hours and parking..It's a cool project, it feels like you make an impact on the community, but I would only do that if I had too much money, nothing to do with my time and looking for a proper challenge.

For example, Revocable Trust do not provide asset protection like LLCs do.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

Anyone in OUR situation (who is not in the 1% of 1% and has dividend / investment income that would provide a sufficient means of living otherwise) is going to be totally focused on cash-flow.  

Home insurance won't cover a lot of system failures like electrical.Home warranties are designed to make the warranty provider money; they are slow to respond, quick to reject claims, charge you a trip fee for every visit, use the lowest-cost vendors that provide quick-fix solutions, and are generally not worth the paper they are written on.

Thanks for everyone's input, I wanted to provide an update. 

If the tenancy is a specified lease term under a written agreement, and the lease term has not yet expired, you cannot impose a rent increase during the term, unless the lease agreements provides that you may do so. 

Because real estate get's greatest governance and impact at LOCAL level, not state.