Lender needs to verify that there is no 'rent to own' arrangement or anything else that could put some other claim to the property ahead of said mortgage (such as fair housing violation, etc, like if the current landlord ever told the tenant "no one of XYZ race can stay past 9 pm"). 

If you (and I have met very few people that didn't have that) your off to the races.  

My understanding though is that there are states are referred to as "Race to the courthouse" states.

At 13, unless you are working, you're not yet in the "rat race" although typically that's where people head.Overall in general you want to get a good education. 

Without beating this dead horse, most investors starting out, being young, just haven't been exposed to business, other than being a consumer, they haven't been on the other side of conducting a formal business operation.

@Shane Malloy Baltimore continues to be the dark horse, and there are very interesting submarkets that are very strong in MD. 

There is no race to the bottom.  

Hi my name is Ramon, I live in the Miami area, I just got started in Real estate investing after taking the longest way to wealth and living my dreams; I guess you can say I was putting the cart in front of the horse.

Be aware it's a race to the bottom game because anytime there is a job request posted, especially the easy jobs (paint, interior trim, etc.), you will see a bunch of hungry wolves reply.

So I'll get off my small horse and just say that "lots of people do it and it often works because they usually don't care"  isn't much of a defense if the lender does care and also that you now have a situation where the LENDER HAS CONTACTED YOUR ATTORNEY TO SAY DON'T DO THIS.