If it is a condo, apartment, etc, the home owner's association may have some input and legal bearings that would be difficult to cross.That being said, I can't imagine that most sellers who offer owner financing would care too much about you renting the property or not as long as YOU are held liable for the condition in which the property is left, should the loan get foreclosed upon.I would find a way to do what you want to do, while protecting the collateral that secures the loan for the seller/lender.

I am surrounded by young professionals in the same position as I am, and I have a dream of becoming a band of game developing real estate owners who can protect some their wealth.

You can deny any applicant for any reason, as long as it is not a protected class.

An llc will offer more protection if done correctly. 5.

On the other hand, responsible people with equity in their home were stuck with higher interest rates due to inability to refinance (and get the same lower rate honestly).Whatever investing you decide to do, consult with an attorney and/or CPA on protecting your assets in case a deal goes south.

I'd offer 10% down and 6% interest on the rest.Get a private mortgage to protect the seller.

Thus the government wants to try to protect people from being taken advantage of.

Just did some research on this, and military.com says:First, for purposes of protection under the SCRA, the lease must be signed by the servicemember, or on behalf of the servicemember (by the use of a power of attorney.)

What about rolling in cable , if it's $60 add $100 to the rent (password protect - pay per view of course).Here's another angle I use for increasing rent, allow dogs.

Your 65K house may not be at market, but it's the cost of acquisition as well, so legally you're at 65K without drapes I guess.Nothing says you can't get a good deal.I'm totally aware of how all this works, how investors or dealers acquire a property and borrow more than what it's original purchase price was or at full value showing higher values based on repairs made or other comparable properties, how partnerships can be formed, how interests can be pledged and the justifications given, so I won't go down that long road either.I'd expect you to stick by your opinion, I've never known you to admit even being slightly off on your opinion since I've been here, that's not saying you're right, but I understand that when your business model is touched upon you are very protective of the basis of operations and that's fine.What I stated stands in court, gurus have been nailed over such claims.