These might include Owners with Low Financial Stability Scores and Seniors with Long-time Ownership.As for texting: familiarize yourself with the federal do-not-call laws.

@David Johnson First, I would be sure to check local and state laws regarding leases because they can be different in different areas.

You may want to have a local NC attorney who is familiar with foreclosure laws there to review the collateral to confirm. 

You definitely want to check your local laws governing STRs, both current and any rumblings about future regulations. 

Now I ended up going to what they call a "T14 Law School" and everything turned out fine.

Then got in contact with the law firm who actually handled the foreclosure case.

Financing approval is based upon the income of the property instead of being based on your personal income.Review leases of any tenants already in place.What I don't know:Does the law require an onsite manager for 5+ units?

Research the laws (both Federal and state, depending on your lending institution) to find out if they make the leap that Fannie and Freddie made recently. 

Check the local laws.   

I've used Ryan Weber of Gomez May law firm in Davenport for all my transactions and I'm very happy with him.