Personally, I would not buy an investment under those circumstances.

There are some exceptions for commercially zoned properties.In the NOLA.com article posted above, you will find this info:"The main change in the rules will allow short-term rentals to operate in residential areas only if the owner lives on the site and has a homestead exemption to prove that it’s their primary home.

Now that is an EXTREME circumstance and he got such a good deal on the property that he'll still make money when it's all said and done but if the bank or a HML gets burned by that once I promise they won't be lending on occupied properties again.As far as due-diligence goes the bank will need to deliver a clean and marketable title to you.

I texted her as I was headed out of the house that slamming doors in anger would not be tolerated under any circumstance and that I would buy a vibrating alarm if it was that problematic for her. 

Are their exceptions?

In most cases, Buyers in other areas want to buy at 70 percent minus the repair costs but there are exceptions for example, In LA, due to the saturation of wholesalers, you can easily find a buyer at 80%.

There are always some exceptions, but there are more receptive places to look for deals

Same theory here except I can do this on a weekly basis.

The slam dunk, I-made-$100k-on-my-first-deal stories are the exception, not the norm.

Carpet is not the greatest color but in excellent shape except in 2 bedrooms where it doesn’t match and is older Is it stupid to rip out all the flooring and lay down tile over the entire house?