Granted, getting Donald Trump type incomes in a working class neighborhood would probably require EXTREMELY long vacancies... there are quality people in all neighborhoods.As to your other questions, not all banks are investor friendly.

Welcome to BP Grant!

Typically there is also a clause related to Title Transfer and the lender must grant permission.

It's a note secured by the lease.At $600 monthly and 24 months that's a 18.157% interest note.Be sure to charge fair market rents so you are realistic about the returns: If you didn't live there and fair market rent is $1,000 and you charge $600 for 2 years you're essentially giving him something like 78% interest.

I would structure some additional interest to be granted to him over time and success.

Depends on the authority granted by the By Laws of the corporation if they can set restrictions without a vote.

I would write Hard Money with a 7 day commitment, if that is what you intend to use (and your HML can commit that fast, mine can).However, you can also use Hard Money and NOT have a financing contingency if you are that confident (you will lose your deposit if you don't get a commitment).I've never had an issue securing a deal with a contingent HML with a quick commitment.

Grant- I believe it is if you're in a certain financial arena and I do have some....

Look up the recording in Book 833 and get the legal description of the secured property from that you can get an address through the Assessors office.Or, you could call the Trustee and ask.You might be able to do a name search for the owner as well and gey the address.The filing will show the initial lender as the note could have been sold.

You also run the risk of violating securities rules.