Actually, technically, out-of-country was but I went straight from that to out-of-state.

Looking for answers regarding licensing, inspections, staffing, costs/fees, state/federal requirements and can an investor make this kind of deal work?

Is ther a strategy or a technical real estate term for this type of investment, anyone have any experience with this ??

@Elizabeth Colegrove  that could be a long discussion Elizabeth but you can thank the technicalities and the over regulation of the industry for that issue with wells fargo.

Technically you could have a smaller water heater out perform a larger one if there was enough difference in them in BTUs and the 1st hour recovery numbers.Many manufacturers offer good, better and best models with the best rated ones being fast recovery tanks, which means they out perform similar gallon sized models. 

Prefer bios or auto-bios over technical.  

Over time, you start to learn what each member's triggers are; some are penny pinchers, some are technical, some some don't care either way.  

Technically you are supposed to tell the lender if it will be an investment property or not, but that is up to you. 

So is it technically possible to get owner occ rates on this home now and then on the new home we would move into?

It was not an FHA and technically I was not the listing agent as the original listing was my broker's but he just needed help with it.