Many do not trust technology and for that reason not having to deal with tracking multiple different forms of payment makes post dated checks the best method.

I know a lot of working professionals that only do condos for this reason - they just don't have time to deal with the increased aggravation of a house.There is a lot less competition from fellow investors.

Exceptions may only be granted in rare cases as a reasonable accommodation for a person with disabilities who requires a specially-modified unit and such a unit is only available from a relative.I suspect the list you are reading is probably a list of examples, not an all-inclusive list.

The reason is now they are negotiating back and forth with your attorney to change the boilerplate documents and find a happy medium.

@Steve MorrisI believe this is geared towards those who can’t get standard bank financing for whatever reason or who need it quickly.

My mother took over the delinquent tax payments in order to save her childhood home for sentimental reasons.

I mean you have been doing it already and since you can cover you debt service buying an house that will provide you two additional sources of income if you can make it cash flow that can also help you pay off your current debt, and as you pointed out you would also have a long term asset that should reasonable go up in value as well over time.

Once you get over a certain amount of capital it becomes hard to effectively allocate it.If you don't run into that with 1mil, you will as you keep progressing.I think you owe it to the family to speak honestly to that.That's the reason most large institutional investors have a hard time in the SFH world and focus on larger, lower cap rate investments.

This second move would probably need a reason (more floor space and we are expecting a kid, a better neighborhood, easier commute) in order to be signed off on by your lender.  

There is a budget amount that may be a little tricky to determine but in the long run a house that has reasonable and somewhat "neutral" updates for the area is going to sell for more.