Does the homes through the federal agencies have a policy against removing home owners insurance with a promissory note?

Everyone has offered very helpful feedback here, and so far it does sound like option 3 is the most popular opinion. 

Keyless entry is gaining popularity - no lost keys, some even allow opening via cell phone. 

That's what we have Federal Reserve officials for. 

Enjoy the good life in this affordable 2-bedroom condo in popular Aston Arms.

I’ve found a 5000 sq ft home in unincorporated area, popular neighborhood, its 1979 build, its in decent condition but requires flooring, paint , exterior roofing , walls all renovated, guessing cost might be $150k to make it new..

In no particular order I have listed some of the most popular markets for out of state investorsCleveland, OhioDayton, OhioToledo, OhioYoungstown, OhioCincinnati, OhioMemphis, TennesseeBirmingham, AlabamaHuntsville, AlabamaKansas City, MissouriSaint Louis, MissouriIndianapolis, IndianaDetroit, MichiganErie, PennsylvaniaLouisville, KentuckyMilwaukee, WisconsinJackson, MississippiEach of these markets is popular with turnkey investors because of the low barrier to entry, high rental demand & high rent to price ratio.

My bank said I will NOT be impacted as the Federal Gov't lay this out in the act.   

However, there's a 2.75% service fee if the tenant pays with a credit card.Another popular way to accept rent is through Venmo.

It's possible that your state has one too, but "familial status" is a protected class at the federal level, so I'm not sure how that would help.The bottom line is that prohibiting tenants with kids from renting is likely to get you into a world of hurt.Multifamily housing of two to four units, where one of the units is owner-occupied, is exempt from the federal Fair Housing Act.