This can get around the one acre per house issue, but locks the properties together forever because you cannot legally subdivide it.If you have any specific questions let me know.

✓Second Home Requirements  must be occupied by the borrower for some portion of the year  is restricted to one-unit dwellings must be suitable for year-round occupancy the borrower must have exclusive control over the property  must not be rental property or a timeshare arrangement1 cannot be subject to any agreements that give a management firm control over the occupancy of the property

If he did the purchase contract that eliminates that possibility but hopefully he did not restrict that. 

But they do seem like the type that won't pay, then I'll come back in a couple weeks to start remodeling the place and they're sitting on the couch smoking pot.well smoking pot these days is legal in many states and will probably be legal in most in the next 5 years.. 

I never considered until now that it might not actually be legal to do.

In California, is it legal to disqualify prospective tenants because they smoke? 

@Pandu Chimata There are a few other things that the Underwriter will require in order for you to get the Primary residence (Owner Occupant) loan rate.1) You will be required to sign an Owner Occupant affidavit, This document basically covers you legally stating you will occupy the property within 60 days of closing escrow, and you will occupy the property for a minimum of 12 consecutive months from escrow date, and you will not rent, lease, or sub-lease the property within the first 12 months from the closing escrow date.2) The other thing that often gets asked is, How far away from the current primary residence is the new property?

Those houses will rent for maybe 2,500--$3K == NO CASH FLOW.Oh, you'd better check the c/o (Certificate of Occupancy) on this building--very seldom are basement apartments legal in Queens. 

Forfeiture instead of FC (when applicable), all the same parameters as notes including servicing, BPO, title, legal, trash out, agent commission, etc.

We offer a 24 hour maintenance service, Free tenant screening and placement, a legal team for any eviction or real estate claims, rent collection and much more.