It sounds good because you get a check from the government.

Banks can turn around and through the Federal Reserve, leverage that money 9 times over...in other words, they can take your 200k in deposits and make $1.8M in loans from it.

If the Vendor puts a mortgage on the property, a creditor records a judgment or the government records a tax lien against the vendor, I believe the vendee's interest is subordinate to those interests. 

To help address this growing concern, the following is a review of federal fair housing laws and answers to some questions regarding housing discrimination that have been raised since the events of September 11, 2001.

Yes, it states "if the premises are located in a condominium or cooperative development, the Lease and Tenant's rights under it including as to the common areas, are subject to all terms of the governing documents for the project, including, without limitation, any Declaration of Condominium or proprietary lease and any restrictions, rules, and regulations now existing or hereafter adopted, amended or repealed."

@Shawn RegnierSounds like you have done your research, and are planning on forming a legal corporation and making an S election for tax purposes.A reminder, remember to file your S election within applicable time limits (there is relief for late filing but reasonable cause is required), and also to pay out 'reasonable compensation'.California recognizes the federal S election so no separate state S election is required.Another note, reasonable comp is not plucked out of the air, or applied at a general percentage level, but determined according both your businesses and your facts and circumstances. 

You're waiting on an email back from local government...

She has filled it in the D.C Circuit Federal court under the "Protecting Tenants at Foreclosure Act".  

The letter concludes by saying I have a chance to "remediate the problem" by calling or emailing some local government guy. 

Right or wrong, I think it happens a lot here because most people can't afford properties without that extra income and the local government seems to accept it.