Does giving them the pamphlet and disclaimer clear us of legal risks?

I would NOT withhold keys from the tenant when he gets back because you run the risk of getting yourself is trouble for illegally keeping him out of a residence he is legally entitled to be in.

Per lender guidelines, what makes a 2nd home a second home and a vacation home a vacation home?

All kinds of agreements can be reached in RE related areas as well.We also kick around many legal aspects of RE in the forums, financing issues, landlord-tenant law, title issues and other things that can get you in trouble if you're ill advised.Most in RE that I see on BP are new, I'd have to say getting legal advice in forums is a big mistake, while we may have seasoned investors who have been doing things for years, we all fail to keep in mind at times that all RE is local.Most seek advice as they seem to think they can't afford an attorney.

A 2 bedroom single family home in front and legal separate studio apartment over a double garage in the back.

This legally lays out who's liable if anything goes wrong (even though bank can't come after you) he can.

Fannie guidelines only apply to residential properties 1 to 4 units, anything above 4 units doesn't count, since its not residential per their definition.

We would like to get the zoning changed to make it a legal SFH and complete the interior conversion (basically making the 2nd unit living/dining into bedrooms)Does anybody know if I need an attorney or if I can just submit a zoning change request with the city?

They said that sandwich lease options are okay because you stay in the deal, but that you cannot legally do assignments without it going through a licensed agent / broker.I cannot find that statute anywhere and I have called the Florida Association of Realtors legal line to ask and the particular attorney I talked to had not heard of it.

I found Biggerpockets researching some legal entity questions I had and found the forum to be extremely helpful and professional.I live in Chicago on the NW Side.