Yes it is a real thing but a court is going to look at a lot of aspects, one of which being intent.

Since I replied mostly in PM, Ill just give more detail.I am new, but my investing group is not.

Unless there's something the explicitly forbids it, you absolutely can and want to market it, if its your intention to sell it.

IMHO this deal is really only good by virtue of my intention to owner occupy.

But again, I did not buy them to make money off of rents, I bought them in 2009-2011 with the intent of reselling in 2013/2014 at a profit.

I think that may depend on who has your loans and accts but my guess would be yes just to ensure that money was credited appropriately and you don't end up paying 4 month on one loan and being late on 3 because the bank didn't understand your intention.

My intention is to become a full time investor in the future and any little information that you would like to share would be very helpful.

i have planned a monthly market budget of 200 a month comfortably just to start out. of course if i need to ill ramp it up.

My logic runs something along the lines that if they couldn't afford to maintain their mortgage the first time around, I usually hold no hope that they'll be able to maintain rent or a mortgage on the same property the second time.They have certainly exhausted all their cash reserves and are running hand-to-mouth (paycheck-to-paycheck) so until they completely recover, any little thing can throw them back into financial hardship - that's just a risk I wouldn't want looming over my bank account.Having said that, bad things do happen to good people and while their current intentions may be beyond reproach, unless they can clear up their mess on their own, they'll likely be moving out sooner or later - that's where you can step back in and truly help them out.

ROFR´s are therefore not an effective alternative for an investor seller who wants to pre-set an above-market price in order to lock in a future profit.From the perspective of the landlord/seller, there is a problem with a ROFR: it may inhibit the landlord/seller from marketing the property for sale while the ROFR is in placeLease-Options Compared to Other Preferential Rights:There are two lesser forms of preferential or pre-emptive rights that are relevant to this discussion:(1) a right of first offer ("ROFO") which obligates the seller to notify a buyer of his intention to sell, and the buyer will then have the right to make an offer, the terms of which are not specified in advance; and(2) a right of first negotiation ("ROFN"), which obligates the seller to negotiate exclusively with the buyer for a prescribed period of time.