However, to avoid such situations I would have a two-level approach.First: Before accepting tenants, I would interview them with probing questions like "how long were you renting in your previous place" or something like "Where do you work".

OTH, if someone doesn't pay miuch attention to their business, they operate in a care free manner, are often negligent in other aspects of life, then doing all you can do to hide out might be a good way to go.This public liability razz is way over hiped IMO and insurance is your best solution.Hey, not implying our OP is paranoid, I know he has good reason to be concerned from other posts, but don't take legal advice from a CPA and don't ask your attorney to set up your accounting systems.

In fact, by giving notice to the lender before you buy, you will actually avoid that.

Now it seems as though there are some other aspects of bird dogging that i hadn't thought about.

There is nothing new in RE, there are ideas, but I suggest you strive to learn all aspects of real estate and your own ideas will come in a given situation.

Avoid "might as well".

I could save a few bucks by shopping around, but I had a bad experience with a no name company a number of years ago so I opted to pay a little more just to avoid further headaches.

I cannot afford another loan from the bank.. with 20k is there any other creative financing that I can use to avoid the due on sale close... people with high equity is very very hard to find.. 2. also if i dont record the "Memorandum of Option with the county courthouse" than the bank cannot find out that i have an option becuase it is just a standard lease right?

(I actually avoid low priced homes, as they are the ones that cause all the issues...)But, you may want to look at:$93,000$4500 assignment fee$895 rent$2400 total seller concession towards funds to close.

Try to avoid that if you can.