Violating the terms of a mortgage is mortgage fraud and can be a real pain if it becomes an issue.

I want to make sure I am doing everything by the book so that I don’t face any issue down the line.If you are a real estate lawyer in Ohio, would you answer these questions, or if not, do you have a good recommendation for me to find the answers?

I was wondering about some issues to look out for in older home areas.

Furnished Finder Expected Rental Income: $750-$850/mo PER ROOMWhat I Learned: - Serious investors will write on a deal that fits their buy-box- Knowing your buy-box will create an easy decision making matrix for you to move quickly on deal that work- Have your "ducks in a row" so when you find a deal that works, you can perform - Be someone who performs in contract - barring glaring issues with properties - if you write on a deal AND close, you are more likely to be presented with future deals FIRST because you take action - Be someone who other people and other agents ENJOY working with.

This residency requirement would apply for a specific period, so it's important to be aware of its potential impact on your plans.Its important to carefully evaluate the distinct investment opportunities offered by Colorado and Florida.

I want to see how an investor would go about finding a deal, checking the after repair value, seeing if there is any issues, and finding good tenants.

The whole Lady bird/FHA thing can have some hiccups and going FHA for your parent’s home will cause issues with you getting the next FHA home.Instead do a gift of Equity going Fannie Mae 5% down (use the gift of equity) to cover and for any closing costs.

The issue I'm having though is that I don't own the land, am not leasing the land (dock lease), and am not a general contractor.

Be up front with them about the issues and see if you can make a deal.

If that's an issue then that may get the sellers to do what you want.