My sister would live in the house for a year or so just to meet the owner occupied requirements but there's nothing saying that she couldn't stay longer if necessary although the idea was to keep purchasing houses in this fashion, living in each one year at a time and then renting them out.

Update: my offer of $45K was rejected in favor of a higher offer.

Without thorough Due Diligence, how can you possibly negotiate a deal in your favor?

And no I'm not in favor of unfettered police surveillance but the reality is that technology allows national security and law enforcement agencies access to people and personal information like never before.

The laws in India and China definite favor their citizens when it comes to business ownership, investment and trade moreso than most western European countries and the U.S.A.

Maybe we are old fashioned or something but it was an understanding among my colleagues.

I would recommend that you find an area where price to rent ratio's are favorable and then develop a support team starting with a good property manager.Good luck.Chris

I too would like information from an honest person who is just willing to help without ripping off newbies in this fashion.

These are monetary rewards even if the employee recieves more status instead of the money directly.So I do stand by the money motivator and encourage you to find out from the employee what HE wants and apply his "bonus" to him in that fashion.

Dory makes good points, a later poster, sorry can't name him, suggested doing this strategy with consent of the lender and I agree it's best to do so and consent can be construed by notice, Bryan was correct in structuring it as a wrap or a second obligation (the best way IMO) doing deals through a trust can smell shady, but placing a property in a trust for estate planning reasons is specifically addressed as an exception to the due on sale, so after your estate palnning is accomplished I suppose you could sell for liquidity, not real shady, and the sub-2 out of all installment transaction will usually or most likely be the most favored method by an judge looking to equity in the transaction.