Having your mother enter the property with the first notice was a clear violation of your tenants rights.

House was crazy cheap but covered in local government red tape in the form of code violation fees that had accumulated over years ($15,000+).

The unscrupulous investor will: Have the homeowner sign a Quit Claim Deed in which the homeowner signs over their ownership in the property.Fail to explain to the homeowner that they, the homeowner, are still responsible for the mortgage.Fail to warn the homeowner that they could be violating their “due on sale clause” with their lender.The homeowner is usually elderly or part of an at-risk population (English isn’t their first language, disability of some kind, etc.).The Division advises the following when it comes to these types of rescue transactions: Don’t sign any documents or a deed to anyone until you have had a chance to talk with your lender and an attorney about your mortgage obligations and your legal rights.Colorado has a Foreclosure Protection Act that affords you certain rights when you are financially distressed.It’s best to take proactive steps when you first start having financial problems, and here are some resources that you can contact:Colorado Housing Connects –Colorado Foreclosure HotlineColorado Bar Association “Find-a-Lawyer” –Colorado Legal Services –Disability Law Colorado (Formerly The Legal Center for People with Disabilities and Older People) – 

Knowingly doing a code violation like this could come back to bite you.

@Trish Murphy rentals aren't my arena, but I was under the impression that there were limitations on how much rent you could accept upfront in NJ and that 9 months would be in violation of that.

@Reid MathewsSuch transaction would violate the prohibited transaction rules.

Also worth noting that so long as your properties are not in violation of housing codes that risk is relatively small.

Then don't violate it.If you marriage is important enough, then this is the only way to keep a very risk averse wife comfortable.  

One other con of CFDs is that as the owner of record you receive any violation notices from town/city (kind of goes hand in hand with lower quality borrower).

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.