Hi Zafer,The best bet to know what the property tax is on vacant or improved land is to look at the local county's assessor's website.

The 1% rule isn't law and came into existence after the housing crisis but now is harder to find- https://www.biggerpockets.com/blog/1-percent-rule-deadAttend local meetups to find out what the market is doing on a local level.

You may want to try a local hard money lender for these property types and a local bank for the refinance. 

BP also offers a link to connect with local agents to help you find your investment property.

Hi Debbie,That sounds like a really awesome setup and bravo to the local government to allowing this!

Contact the local community banks.

You could add your name to his property, you should be able to contact your favorite title company to assist with that. 

Regarding charges for damages, it depends on state & local laws AND court/judge tendancies.Most leases state tenants must return a property back to the owner/landlord in the same or better condition than when they took possession - normal wear & tear excepted.So, what is "normal wear & tear"?

Why, because of the extra work on my part to administer the hold backs, draws, inspections, etc.Now I can offer rehab money if they are willing to accept a third-party funds control company.

You guys are all over-thinking this, I think.Fannie Mae and the mortgage industry follows the same federal fair housing laws that everyone else does, and she wouldn't be doing business in any state where her guidelines break the local laws.