If on the current home, an owner occupied loan was taken out less than 1 year ago, technically they would need to get approval of the lender to make it a rental due to unforeseen circumstances?

Ideally they should be able to provide you with either trailing 12 months or trailing 24 months worth of financials so that you can see that the cap rate is reasonable/ accurate and that they have a consistent tenant base.

However, he would not be financially tied to the property. 

Hello Everyone,My name is Steve Oswald.  My wife Kasie and I have been investing in real estate since 2009.  Of course like many we started with a single family because it seemed to be the "safe" option.  Since, we've...

The presentable model along with a team of experts (like a broker) also makes your business more financially appealing to investors.

I spent time on the phone with the CA FTB and Employment Development Department, and am still struggling to find the right way forward with our complex circumstances. 

This site has been a financial life saver for me and a lot of it has to do with direct mail.

It makes sense what you're saying about renting this one out and living somewhere else for awhile, but due to my current circumstances it is something I cannot do. 

Great work, and I'm sure that you will rapidly move towards financial freedom with all this in place!

It might be worth a quick check with an attorney to understand your liability and your obligations.I don't pretend to know anything about it, but having stolen goods installed, especially if you have personal knowledge of the circumstances can't be a good thing to be involved with.