I would rent month to month with a written and signed set of rules for occupancy.

And I strongly suspect that Tenant Alpha ALREADY let his brothers move in a few months ago, without first getting our permission and approval of the new occupants, which may be why they stopped paying rent at the other place.CURRENT QUESTIONS AND CONSIDERATIONS: This house will remain a long-term rental buy-and-hold, and since there are a lot of things that make these tenants undesirable to most landlords and lenders, I believe they likely won’t be able to find anyone else willing to sell or rent them a place … which means they’ll likely stick around long-term and pay timely.

@Christopher Haynes the "occupants" may not be scammers, they may have been scammed themselves.

That's interesting, from what I know as well from talking to a reputable mortgage broker, lender do allow FHA loans with 3.5% down payments on residential Multi family properties as an owner occupant.

, However, even better is to conspicuously post your "Occupancy Standard", and reference it within your rental agreement and/or house rules.

Already, there are shopping centers with over 50% occupancy and many industrial parks are in the same condition.

Even for owner occupants, the prices have dipped back to 2002 levels and the interest rates are at historic (HISTORIC I SAID) lows.

This is not working as the stock of housing they own is generally in bad condition and requires repair beyond the ability of the individual owner to fund.The Obama administration is stating two things:1) The government should not own individual properties that have been repossessed through foreclosure.2) They want to enact a program that encourages investors (as opposed to owner occupants HUD currently favors) to acquire these properties who can afford to rehabilitate them and then rent them or sell them.As an investor interested in acquiring a portfolio of rental properties, I'm curious to double-click into the details of the program and understand what exactly is being proposed.

They’ll also know the other paperwork required such as the 1003, TIL, credit reports, occupancy agreements, and an unbelievable host of others.Second, you might use as many standard Fannie Mae docs as possible to make a legal review easy.

The listing agent may have you work through another agent in their office in a back-scratching arrangement between them, that is fine and still puts you in a better position than coming in cold with your own agent.Talk to the listing agent during the owner/occupant period, and submit your offer just before the property enters the investor period, going in with a 'strong' offer as you're already planning.Understand and monitor DOM and interval of time from the last price drop.