So I now have a new slice of the diviersification pie and have found my net work is increasing at a faster rate than before.Simply put, I realized I was not going to win the game in the way I wanted by "safely" investing in my 401k and other mutual funds investing.  

Either way it is important they keep the original Note in a safe place.A mortgage holder reports interest at the end of the year using IRS Form 1098. 

Thanks, I'd probably want to play it safe and assume $1200 or so as the rent. 

Prevention/Reduction - You can prevent with maintenance, fire mitigation techniques, smoke detectors, extinguishers, sprinklers, etc.

Exemptions to Dodd-Frank/SAFE Act are not the same in all states, there are different matters for dealers, a dealer is one in the business, different than an owner selling a primary residence.

To be safe .

I definitely say include the attorney to close the property.And even as the LLC you technically only can originate 2 loans before you must comply with RESPA and 4 loans before you must comply with the SAFE act.

If I was the old Note owner, it is safe to assume, I told my Servicer the same thing.

That's probably being more safe than sorry, and since they only wanted $2800 to knock down two walls instead of 3, it may be better to go with them since they will pull the permit. 

When it comes to water, always better to be safe than sorry.