IMO just because a deal is outside of the box doesn't mean it's a bad deal and I sometimes feel like, for some agents that I've worked with, if it doesn't fit into a standard, cookie cutter, every single day agreement -- it's wrong.I believe if everyone is transparent, if everyone knows the risk and there is a base level of protection is given in a deal-- then is a deal is a deal.

Record the mortgage to protect the investor.

To bring value to a landlord, you would need to offer systems and protections to remove those inherent issues on behalf of the landlord.

However they have been completely repainted and there is no peeling paint so if it is present it is encapsulated, so that is a reasonable approach to protecting my tenants IMO.

Basically, what I should be looking for.Many times note are sold during the BK process and some you buy and the borrower declares bankruptcy, my goal is to protect my position in all cases.

What protections do you have in case of default?

Its very frustrating because I've applied very conservative numbers in the deals to protect myself and I plan on having asset protections in place but the banks don't care.

If it is a condo, apartment, etc, the home owner's association may have some input and legal bearings that would be difficult to cross.That being said, I can't imagine that most sellers who offer owner financing would care too much about you renting the property or not as long as YOU are held liable for the condition in which the property is left, should the loan get foreclosed upon.I would find a way to do what you want to do, while protecting the collateral that secures the loan for the seller/lender.

I am surrounded by young professionals in the same position as I am, and I have a dream of becoming a band of game developing real estate owners who can protect some their wealth.

You can deny any applicant for any reason, as long as it is not a protected class.