I understand the strategy and I like the idea of avoiding the costs associated with a double closing but it makes me nervous because my lender is saying he needs to be on my loan as a joint venture.

@Dea Chu  land lording is not for everyone... and many don't realize that until they are sick of it and they come down with burnt out land lord syndrome... the symptoms can be very bad if your a very nervous type to begin with.However in CA were your talking about I suspect your tenant base is far better than the US tenant base especially those in lower value homes...

My husband is super careful when it comes to our money, so he was a bit nervous... but he also has a lot of respect for a case well argued :-) What I did with him is ask him to have a second look at our 401k plan and other investment options for retirement (we are not abandoning those, but just I just don't think it is sufficient). 

I'm currently renting the first house (3/2)and I'm considering offering the landlord a proposal to buy the whole property but I'm nervous about the unpermitted house.

Additionally, your client retains legal title to the mobile home until theinstallment contract for the mobile home is paid in full.Definition of ^mobile homes] pursuant to the MVSFA: Section 3.21 of the MVSFA defines ^mobilehomes] as ^those vehicles defined as such in section 102 of Title 75. . .

@Mike Hartzog  I am with you 1000%  give me a good performing asset any day.I kind of wonder how the guys that play in the NPN sand box handle client interaction or reporting.you know what nervous nellies investors can be..

They may elect not to sign, which would make me more nervous.

Buyers don't get to back out because of fears or nervousness.

It makes me nervous though anyway.

Be sure to have tenant notify housing authority that property is being sold and new owner is interested in section 8, this can delay payments if not known in advance.