It is basically the middle of a city block with driveway access, no real reason to build on it (no one is building in that area).

For the "TL:DR" crowd (not sure if that exists on this forum), I'm basically trying to find out what the minimum requirements to be an "owner-occupant" are.

I find it helps alot when you understand the basic.

In most areas most techniques will probably fly, basically, but here's the issue.Even if some site gives you access to a state approved attorney, just being state approved doesn't really give you insight to what some county judge might say, for that you need a local attorney.

Bob Lowry The 2% "rule" is based around a 25-50K house and like Jon said assumes a 6% interest rate, so obviously as you start messing with the basic concept it becomes skewed and doesn't effectively work anymore.

Basically the PM made a difficult tenant situation even worse, then left me holding the bag once it got too sticky.

what tasks do you mainly use them for?

This is just a basic run down.

Marc is right.You will basically be caught above any SS that might be accomplished or proceeds less holding costs from foreclosure.

Begin with the basics, real estate basics like text books, RE schools, from there you can look to strategies, the basics and knowing what is acceptable, common practice in your area will keep you out of trouble, which is easy to get into in RE.