I think the end result is the same, but more work with new leases every year.Section 8 leases do not allow the 3 months up front payment approach.

I've not come across a state personally that would allow Docusigned or scanned electronic copies of a deed.

I believe you would likely attract more blue-collar low-wage/low-education individuals.

Buying as a primary allows you to put as little as 3.5% to 5% down.If you do have any issues with the business down the road you can always use a DSCR program which allows investors to buy an property without having to show income or employment.

Do you know if the loan allows you to use the property as a primary residence?

I won't presume that they shouldn't have done this, but will state that in most jurisdictions with rental licensing laws thats a big no-no.To answer your questions generally (not specific to Colwyn Darby, PA because I am not licensed there):1) Generally the county will not allow evictions or rent collection actions if a unit is being rented without a licenses.

@Dav PohoteI think this is one of those things that comes down to your goals.If your goal is "pay as little total interest as possible" - OK, buy in all cash or with a shorter mortgage.But having a lower payment allows us to do other things with the money.I don't only invest in real estate - I invest in ETFs as well. 

Stick to what your mindset and skill sets allow.

Zoning would not allow for anything else, and it wouldn't make sense to try. 

This allows the Appraiser to perform the inspection as quickly as possible and avoid delays while working around your schedule.- Do your own neighborhood market research.