@Anirudh Reddy you should NOT depend onthe cops to remove homeless people and squatters unless you verify the local laws and what the police will actually do.HOW are they getting access to the building?

@Darrell Kirby, the typical sales contract in my state would provide for 2 basic possibilities if a buyer didn't perform according to the contract. 1.

Investors work with real people.

You're basically getting paid to live there!

Basically they give you power of attorney over the loan only. 3.

It's our first time setting up a medium term rental and bought a house with 6 bedrooms that the previous owner had been renting out as an MTR for travelling nurses (by the bedroom). We intend to continue with the same...

(PEOPLE).

Basically, if you are lending on someone primary residence is when things get sticky with disclosure laws, timelines, terms, etc. 

Many investors I work with from the Bay Area are purchasing here and many people from the Bay Area are relocating here as work from home becomes more accepted.

It will familiarize you with the basic terminology and benefits.