If I am to believe that pigs can fly, an inspector, if requested, will do the best of their duty as required by law, to come in, and inspect and certify that the home is safe for the new occupants.

I would run to my nearest real estate attorney and preferably one that knows Dodd Frank and the Safe Act really well.

I am still considering all options but I am starting to lean towards just investing this "safely" and look at other options for a source of income now.Thanks again!

I have seen this in several other posts where owners leave furniture behind and it is destroyed by the tenants and then the owners are upset.The only time to leave any furniture behind is when you are leasing a fully furnished property and you have a company that specializes in handling fully furnished properties which are few and far between.Too often I see owners that want to leave just a few pieces of furniture and then want to leave things like lawnmowers, weed eaters, pesticides  and playground equipment for the tenants use.You can be sure if you leave furniture behind it is going to getting damaged or end up missing.Leaving yard equipment and pesticides behind for tenants use opens owners up the huge liability.

My company Modern Home Concepts is doing a nonprofit fundraiser to build a children playground and facility.

Cleanup is the key to making the property safe.

Anyone heard of this type of thing and is it safe?

I'm an investment adviser and the main draw for me to real estate is frankly the % of income you can return, safely, without worry that this withdrawal unsafely draws down my principal (Show me a mutual fund you can take 10% off of year in and year out no matter what the market does and that you won't deplete).So if you're hiring a property manager who handles all the fixes, fields all the calls when stuff breaks, screens tenants, fills vacancies, evicts people who don't pay then how much of this really matter...doesn't it come down to the numbers?

I personally would try to find a different way to finance a property  Be VERY careful...however, if you have the "exit" strategy in place for the cards, this is an easy...and very safe strategy to use

From beginning to end, you should ask yourself if this would be a place that you would consider safe and comfortable for yourself and your loved ones.