I would prefer to avoid the risk of triggering the due on sale clause by transferring from my name to the LLC. 

Most owners/pms will be reasonable and make the trade to avoid the time/expense of going to court.  

I knew one tenant was having a rough time, so I tried working things out with him a few times, but he just kept avoiding me when the 5th of the month came up.

You have to have 20% equity in the property to avoid PMI for conventional.

So we avoid taking the exemption period !!!

TIC, but you can just buy the whole building and avoid having to deal with TIC issues.  2b/1b around there is going for as low as 2000 and as much as 3800.  

I copied the definition as to avoid confusion..hope you don't mind)Utilize IDHA assistance program to put down 1% of purchase price*by using this option it leaves all my remaining savings available for PITI reserveAsk the Seller to cover the closing cost OR have the closing cost included in FHA loanAfter closing on property get insurance (umbrella too!)

My question is - what's there to stop someone from saying they are an owner occupant and just avoiding the requirement?

@John Vietmeyer  We did many unnecessary improvements on our first few rehabs.  

If you want a list of the local groups, PM me.Hi Ann,As someone from the seacoast but is interested in the area, could you say why to avoid those areas?