Fear of the unknown is big.I understand completely that the whole notion of rent control is scary and triggers people's emotions.

FHA Insured reverse mortgages have 2 recorded mortgages, both at 150% of the appraised value, One for the actual Mortgage, and the second as essentially an Insurance piece from FHA,  the release is dependent on the balance being paid, so unless you know how much has been drawn, you simply will not know. since the borrower has died, Foreclosure will start, as Death or Moving out of the mortgaged property are both triggers for foreclosure. good luck

If it looks good from there, pull the trigger.

The applications range from one-off event-driven letters (e.g. triggered on a specific action in the CRM or PM to send a letter/postcard) to high-volume direct mail on the order of 5-10k letters and postcards per month.  

If you are paying with your own cash, then you shouldn't have to worry, but if you get bank financing or other secured lending you may trigger a due on sale clause when you make the LLC contribution.

@Jian Guan Thanks man, yeah I’ve received the same suggestion from a mentor and others, I think I have to pull that trigger soon.

If your bank already sent the appraiser on a conventional order and now you want to switch, it is possible you will trigger another inspection from the appraiser, as they might not have done all the FHA stuff and will need to go back and check.

I need to decide if I want to pull the trigger now.

I am just wondering if that will trigger a Transfer Upon Sale clause.

From that, less than 10 have ever been audited, and all came out just fine because they had been following the rules in their usage of the program.As to what triggered those IRS audits for those individuals...