But I see no reason why an effective system can't (or shouldn't) be employed in multiple markets, provided you can find effective managers to assist you.

I read somewhere that even the thought of private ownership of real property should be addressed, that property should be held by corporate interests and the public would benefit by their interests in the corporate structure......well, isn't that what we basically have, one document says you own the house a deed, the other says the bank has a lien on it and you only get to use it until the bank gives it back to you and that the goverment can step in for the public good and pay you what is basically assessed by government institutions?

Also, what could be some negative consequences of this type of mortgage in terms of their effect on my ability to acquire additional properties in the near future?

Many things will effect the terms and us three are generalizing what those terms might look like.

...There is this thing called "change of address" that you give to the post office.

It is very cost effective, and took me maybe 2 weeks to file everything and be officially incorporated.

never heard of him, but if you PM me the address, i can pop in tmrw for you, (if it's reasonably close) :)

They said that if I changed it to one that covers a rental property, a part of the process is to inform the lender that the policy has changed and that it could affect my loan.Two questions:Will renting out this second home effect the loan?

There was a notice on the garage door and the front door stating something to the effect of "this house has been deemed to be empty and reported."

If I had the owners' address and thought the realtor was actually not presenting my offer, I'd mail them a letter along the lines of, While your realtor informed me you are not interested in my offer of ..., I wanted you to have my contact info in case you become interested down the road.