You need to know what these are for your local area, ask a realtor or your title company, to be able to identify who owns the property.You might call/visit the local government building or planning department to find out two things; 1) Who owns that parcel and 2) what covenants/operating and use agreements, if any, are in place that control the use and maintenance of the property.

For more information, visit the NMLS Resource Center, available at: http://mortgage.nationwidelicensingsystem.org/slr/common/mcr/Pages/default.aspx. 10 PROPOSED REGULATORY PRUDENTIAL STANDARDS FOR NON-BANK MORTGAGE SERVICERS Ginnie Mae reporting standards will be used as the Baseline Standard.10 The requirements include audited financial statements and audit reports conducted by an independent public accountant (IPA).

Am not an expert on this but here are possible first steps:;Dont just drive by, When you see potential candiate property, stop and ask questions from the neighbours, search the net for the last transaction on the property, visit the county office for available city records..etc.

Giving someone a heads up about a deal that is on the market doesn't hurt you at all and you gain some nice karma points.

Have been many times a year for diving, lobster season, sport fishing and just to visit and bring out of town family.

To learn more about the 401k loan rules, visit the following IRS link.http://www.irs.gov/Retirement-Plans/Retirement-Pla...

You certainly want to do your due diligence ahead of time to know what you are actually buying. 

I went ahead and had everything relocated to a storage facility- just to be reasonable, LOL.So, I'm guessing D and C class?...

I cancelled the offer after my the agent visited the place  and for sometime I have been looking at other properties.

Seems like you've got good plan in place and a good property to give you a head start.