(A) A landlord who is a party to a rental agreement shall do all of the following:(1) Comply with the requirements of all applicable building, housing, health, and safety codes that materially affect health and safety;(2) Make all repairs and do whatever is reasonably necessary to put and keep the premises in a fit and habitable condition;(3) Keep all common areas of the premises in a safe and sanitary condition;(4) Maintain in good and safe working order and condition all electrical, plumbing, sanitary, heating, ventilating, and air conditioning fixtures and appliances, and elevators, supplied or required to be supplied by the landlord;(5) When the landlord is a party to any rental agreements that cover four or more dwelling units in the same structure, provide and maintain appropriate receptacles for the removal of ashes, garbage, rubbish, and other waste incidental to the occupancy of a dwelling unit, and arrange for their removal;(6) Supply running water, reasonable amounts of hot water, and reasonable heat at all times, except where the building that includes the dwelling unit is not required by law to be equipped for that purpose, or the dwelling unit is so constructed that heat or hot water is generated by an installation within the exclusive control of the tenant and supplied by a direct public utility connection;(7) Not abuse the right of access conferred by division (B) of section 5321.05 of the Revised Code;(8) Except in the case of emergency or if it is impracticable to do so, give the tenant reasonable notice of the landlord's intent to enter and enter only at reasonable times.

Yes, Tessa, you absolutely need to have a Title Co do the closing.It is possible the seller may be in violation of the new Dodd-Frank, and SAFE Act Laws, but it is not necessarily "Likely", There's a pretty large safe haven if they're an owner/occupant, and depending on the state, a number of transactions per year may be exempt (You didn't mention the potential problems with the balloon payment if the buyer is also the occupant)As with any investment, Due Diligence is required.

Assuming none of these are worth a good deal more than the loan balances, to an owner occupant buyer, none of them look like a deal.

Big Bear has this down to a science with placards denoting occupancy and parking limits.

However owner occupants do not pay the additional school tax.

Eventually occupancy will fall when renters start buying.

It is not very subjective; however, I've had to correct many auditor on said issues.If it is rented at the stated occupancy rate it WILL be reported on Schedule C.

However, with 12 or more cats in the same place, problems arise.....So, it's not my tenants who own the cats - it's an owner-occupant next door.  

I understand that USDA requires owner occupancy, but is there any way to get out of this to be able rent my home?

Only issue for investors is the owner-occupancy requirement, which is likely a motivation for wrapping or sub2