If you convert the property to an investment property within the first year, it could trigger the due on sale clause. 

People think that Wall Street was greedy because they were "betting" on CMOs defaulting.I don't think the movie blames the default swaps,they were only options that would be triggered on 15% default of the security.It was the lax lending standards and the rating companies exchanging ratings for dollars,coupled with crazy derivatives that were being sold to institutional fund managers as safe investments.The movie even showed the consumers had a part in acting irresponsibly.Although the banks allowed it.The NINJ no income,no job loan is not a good idea it turns out. 

I think my excitement over posting my first question on the forum made me trigger happy and I did not clarify my original post.In no way did I plan to contact the seller personally on properties I've already seen.

Getting close to pulley the proverbial trigger.

You need to be confident in your research to "pull the trigger" on your first deal. 

If it's new to the market, you can't wait to long to pull the trigger.

That being said, you should make sure you aren't going to trigger an alienation or acceleration clause on your mortgage by renting it out.

My wife and I have thought about venturing into the world of real estate investing for a couple of years now but have been reluctant to pull the trigger  (hard to justify risking your savings with three kids and college on the horizon).

I'm ready to jump in and have one property in particular in mind I'm ready to pull the trigger on if the numbers support it.

It appears that the LA County Tax Assessor doesn't recognize the Land Trust and in fact says it triggers a "change in ownership" that triggers a property re-assessment.Thank you.