In a lot of posts, I'm also seeing the fact that a balloon payment is prohibited due to SAFE.

Regardless of what your state approved purchase agreement states, All banks, HUD, FHA, etc. have addendums (5-18 pages worth) that override the state contract and specifically prohibit the assigning of contracts on their properties.

Although, modular homes are a logical idea, many municipalities prohibit the use of modular homes as they are not built to some building codes and standards in many areas. this may include electrical, plumbing or construction design.

The condition may include substantial violations of a property that show evidence of: a significant increase to the hazards of fire or accident; inadequate sanitary facilities; vermin infestation; or a condition of disrepair, dilapidation or structural defects such that the cost of rehabilitation and repair would exceed one-half of the agreed-upon purchase price of the property.”ESCROWS AND BONDS PROHIBITED: A municipality may not require the escrowing of funds or posting of a bond, or impose any similar financial security as a condition of issuing a certificate.

It's usually time sensitive and spelled out prior to everyone signing.If this does fall apart there isn't anything that prohibits you from going back at a later date and trying again.

Some ideas from others: · bank loans are not available on some types of properties · the tight lending climate has made bank financing "out of reach" for many · seller financing is an "age old" tradition based on private property rights · these rules would prohibit even partial seller financing - i.e. a "seller second" · according to HUD's "Residential Finance Survey" in 2001, roughly 40% of all non-farm residential properties in the US are owned free and clear · an estimated 6 million Americans own a property other than their own primary residence · an estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties · 40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing · approximately 5% of homes in US are for sale or for lease... seller financing may be key to liquidating this inventory The continued success of our industry as we know it is threatened by these proposed regulatory changes.

As a side note, the FARBAR contract specifically prohibits it from being recorded.  

But there're just so many red tag / permit and also difficult part to obtain finance, not to mention the third party that built ADU is also creating extravagant price level where people scared to invest into ADU.Most people will not build ADU if the cost is prohibitely 300k.

When I asked him if the previous property manager had told him smoking was not allowed inside, he repeatedly mentioned that smoking inside was not prohibited in his lease.

Yes, landlords got screwed, but it's not like we're bar owners and Prohibition put us out of business.