Oddly enough indoor cameras are legal in many states as long as they are disclosed and in common areas.

So long as the owner keeps making payments, why take a haircut on the loan amount? 

@Wayne BrooksSo if I’m understanding you correctly, so long as i payback in full my fha loan or refinance it into a conventional mortgage, i can get a second FHA loan?

As long as the numbers make sense, I wouldn't have a problem. 

There is nothing wrong with getting a condo as long as the numbers make sense. 

as long as you can pay the mortgage and taxes (ie cash flow positive or have cash reserves) you will be fine. 

Even though there may be some conventional financing available, realize that many lower middle and lower income people cannot qualify for a conventional loan in doing a creative seller back note will solve their problem and provide you cash flow.As long as you qualified your buyers and they have demonstrable steady income, I see no problem in being able to resell seasoned paper.

Moving their old place isn’t an issue as long as it is paid off.

As long as you are consistently buying properties that produce positive cash flow and run your numbers correctly you will be fine. 

You can buy those anywhere and as long as your regional is good you are all set.