@Jae Jun: Although the conversation has changed much, and toned down regarding proposed restrictions, the plan from jump has been to allow anyone with an existing STR, so far defined as a place that's been rented STR at least 2 consecutive days in the last 6 months, to get a permit and be grandfathered.

And here is a PDF explaining it for both Fannie Mae and Freddie Mac: https://www.radian.com/-/media/Files/Enterprise/Training/QRG...Understanding Foreign Income Foreign income is defined as income earned by a borrower who is employed by a foreign corporation or a foreign government and is paid in foreign currency.

Our needs got clearly defined last week when we tallied up the rehab cost on a midsized flip project, at $51k vs the $40k max we had budgeted.

Via the posting of well defined (defined within the state property code) notices which must be publicised within certain publications/online.In MI the specific Document which must be published is called Notice of Foreclosure by Advertisement.

Define your motives, and run with it. 

Income rights being given up is defined upfront, and the property owner decides how much income they’re willing to share in exchange for the funds they receive. 

@Elizabeth LebIf you’re starting with $20,000, focus on defining your goals and exploring the best options for your situation.

There are not issues with giving funds, but you have to define how they are given - are they a gift, a loan etc...

You have already seen the downside of a historically zero appreciation market (zero appreciation I define as historically below the rate of inflation).  

Quote from @Dalton Summers: Hope this helps. https://codes.ohio.gov/ohio-revised-code/section-4735.24(A) Except as otherwise provided in this section, when earnest money connected to a real estate purchase agreement is deposited in a real estate broker's trust or special account, the broker shall maintain that money in the account in accordance with the terms of the purchase agreement until one of the following occurs:(1) The transaction closes and the broker disburses the earnest money to the closing or escrow agent or otherwise disburses the money pursuant to the terms of the purchase agreement.(2) The parties provide the broker with separate written instructions that both parties have signed that specify how the broker is to disburse the earnest money and the broker acts pursuant to those instructions.(3) The broker receives a copy of a final court order that specifies to whom the earnest money is to be awarded and the broker acts pursuant to the court order.(4) The earnest money becomes unclaimed funds as defined in division (M)(2) of section 169.02 of the Revised Code and, after providing the notice that division (E) of section 169.03 of the Revised Code requires, the broker has reported the unclaimed funds to the director of commerce pursuant to section 169.03 of the Revised Code and has remitted all of the earnest money to the director.