The rental restrictions and health of HOA/potential for special assessment are definitely top of the list for things to watch out for. 

This is your "sell it as soon as humanly possible" home, so you invert the logic and take "negative" discount points in exchange for a higher rate.

The trust exception is for the family trust where the borrower (the human) is the trustor and beneficiary (this exception was created specifically because families put their personal residences in family trusts).

Well, I guess I do get something out of it - I just feel better about myself, as a professional and as a human being.Frankly, anyone who thinks otherwise, I don't want to interact with anyway...Both on a personal level and a professional level.

What happened was, the previous owner let the septic tank overflow for months until the environmental health dept. shut the home down. 

Thank you, please email me  inbox me thank you. peace and love, health and wealth.  

He has given me great advice on investment properties and advised me that I was overinsured for Life Insurance (young, good health, low rates, term policy). 

Most everyone on BP knows and understands I use simple and direct language, mostly so I don't have to wear my fingers out typing flowery beat around the bush suggestions that I might use in person, it also comes from my Army background, I have a spoof about guru boot camps.If you get to some of my motivational rants, you might wait until you have thicker skin as it takes thick skin to be in real estate, we don't have the more pleasant, more humane and ethical aspects of corporate life at the beginning of a real estate adventure.

@Tami Brooks  if that's the case the lots have Zero value they only have value to a neighbor to add to their holdings.I just went through that in sacarmento... it killed me but I had an extra lot on a rehab I did I toyed with putting a MH on it.. but building it out the homes sell for less than replacement cost ... so land has zero value.I sold the lot on terms to the only person who would see value and that is the folks I sold my rehabbed home to.. they paid me 15k and I had to finance it long term.. but I got the lot with zero cost as I made profit on the rehab .. so not the end of the world but long story short lots in areas with under 100k housing have zero value.think of much of the mid west and any other areas of the country were homes sell for under 100k in those markets the ONLY one who buys vacant lots are habitat for humans ,, churchs, or if some one is doing a land assemblage for a new bigger redevelopment.

You MUST address health and safety issues and "of necessity" type work, like rotted wood members, and failed systems like your boiler room equipment.