Luckily the tenant in unit 2 is very interested in a win/win where he buys it as is for a price that works for both of us and will be a first time property owner. 

The owner has NMLS in both states. 

However, property owners haven't come back down to reality, because they don't HAVE to sell.

Tax records with the county list me as current owner in the property address questioned.Does anyone have experience dealing with title errors?

Making extra mortgage payments may be in line with your goal of becoming the property's full owner as soon as feasible.Risk Tolerance: Determine how much danger you can take.

I can't recommend a great bookkeeper enough as well (coming from a bookkeeping firm owner...).Contact me if you need help with your search.Best of luck!

We have had units with damage and those take longer, on two occasions over the years it took a few months, due to pet damage and willful tenant damage.Generally speaking vacancy is not a problem we worry about. 1 to 2% across all units and I'm fine with that.

Okay so I'm switching my business model to owner financing or rent to own to end buyers.

Basically all MF owners are investors so they generally know the game well.

Based on a quick search, I did not see any governmental agencies addressing this particular question.LA county assessor says the child must make the received property his/her primary residence within 1 year, and must file a valid Home Owners property tax exemption.