Additionally, they don't have the time or resources to research and investigate Owners calling with questions on legality of property/building renovations or proposed changes.

I proposed a couple owner financed terms to them and they returned with this one:Sale Price: $300,000 $25,000 Down. 3% interest. 5 year balloon. ($244K ish) This is obviously far better than any bank can give me with interests rates around 7.5% here non owner occupied.

Especially when you’re dealing direct with a seller, emotions should be taken into consideration, and can actually help you land a deal significantly cheaper than what another investor is proposing who is coldhearted.

In a chapter 13, the debtor is required to submit a chapter 13 plan that proposes a repayment plan over a term of 3 to 5 years and allows the debtor to restructure debts or other obligations. 

@Brandon Malone the only reason to consider a tenant proposed upgrade is if you were planning to do it at some point anyway (and I am saying consider, not necessarily approve)This isn't something I would do unless of course it is a high end property and there is essentially a chefs kitchen where the expectation would be a gas range.

First, let’s say this proposal “works” as intended.

It was pretty hard to find properties where the numbers and landlord laws made sense which is what ultimately led me to investing in Columbus, OH.Not to mention the upcoming legislation on the November ballot that can really hinder your returns from rental properties.

If you've lived there a year or more, it would satisfy the occupancy clause on most standard loans and you're good to do what you're proposing minus all the LLC shenanigans. 

They are considering the legislation and making a decision this week on whether or not to pass it to the next round.

@Michael LipariIf I allowed taxes to drive my business decisions, I would have seconded the idea proposed by @Alex Olson and @Corby Goade.