It will discuss legal issues and all that.

We continued to pay the same rate that we paid for the year long lease for the next 12.5 months with no issues.  

FHA is not just for FTHB.FHA often takes issue with using departing residence rental income to qualify. 

Odds are the property may have title issues, and if you close on it you will soon be responsible for those title defects if you don't get them cleared by an attorney prior to closing.

A big issue for the middle class is the lack of financially literate mentors.

Chris Mason  not being a retail lending expert.. the folks that bought the manufacotred duplexs from us got loans maybe of a commercial nature and not FNMAthe stuff I am doing in Oakland now is all SFR.. so no issue there. and NO I don't tear the tag off.we affix it to a permanante foundation it becomes real property.

If so and the test comes back hot, the state will then be involved... regulatory issues galore.

But what I can tell you is that after researching this issue with my $50k SDIRA, I found that owning actual RE with it wasn't worth the hassle.

I like to be able to have a solution to answer any issue regardless of whether or not I can profit form it, so take a look at my website and let me know if you see where we can align.Thanks,Dean Carlson

Friendships are formed and its nice to pick up a phone and talk to a local investor when you have a state or city specific issue or just to go over a deal or neighborhood.