You can't qualify at the bank and you can't get private money and live in the home, because regulations are keeping HMLs away from lending to owner occupants.  

That makes it subject to numerous state laws and IRS regulations.

This is a common practice in my area.  

In my book, 90%+ is getting into a risky borrowing practice)...

My first post here, after reading a lot about real estate (few books, listening to the podcast and practicing with a few numbers to see if they would work).

So, as a learning process and in order to practice my deal analysis skill I'm scouting mls to see if I could find a deal on my own.

According to this article STR is illegal in Atlanta, but any search that I've done on google in regards to this only refers back to this article and I can't find anything else about it https://skift.com/2016/03/18/5-charts-showing-state-of-short-term-rental-regulations-in-u-s-cities/

Rick,  was not familiar with him... that would be a lot of stress to be under.. that's for sure.it sure seems regulators are inconsistent with which guru's they focus on.

The seller was practically giving away the house away.

I was reading up on some of the more recent regulations, and MAN, some of it is worse than SF when it comes to vacancy decontrol.