Germain ActWhen there is a mortgage loan secured by a lien on residential real property containing less than five dwelling units (1, 2, 3, or 4 max.) -- including a lien on the stock of a cooperative housing corporation (a “co-op”) -- no lender can enforce its due-on-sale clause due to any of the following prevalent circumstances:(1) The creation of a lien (or other encumbrance subordinate to the lender's security instrument) that does not relate to a transfer of rights of occupancy in the property;(2) The creation of a purchase money security interest for household appliances;(3) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety;(4) The granting of a leasehold interest of three years or less* not containing an option to purchase(5) A transfer to a relative resulting from the death of a borrower;(6) A transfer where the spouse or children of the borrower would become owners of the property;(7) A transfer resulting from a decree of dissolution of marriage, legal separation agreement, or from an incidental property settlement agreement, by which the spouse of the borrower becomes an owner of the property(8) A transfer of the borrower’s property into an inter vivos trust in which the borrower is and remains a beneficiary and which [trust agreement] does not relate to a transfer of rights of occupancy in the property; or(9) Any other transfer or disposition described in regulations prescribed by the Federal Home Loan Bank Board.

The seller's agent mentioned a way to have rent directly deposited in my account from any renters who are receiving social security.

Just a case of odd moderation, which I don't want to complain about as I am not a regular user here so am not knowledgeable of what goes on at these forums.

The note that was signed is contract with the bank between the parties to pay for the loan amount and is secured to the property by the mortgage.

No, I'm not an agent (or broker--I don't work in or for real estate I'm a regular person).

In other words, can you receive a referral fee and your regular commission as well?

There are many needing rental homes but they do not have Social Security numbers.

OK so after that, is it best to play dumb with the seller and ask them questions that sound like I am a regular buyer or someone who has done their homework?

If I could see step by step the route I need to take (or at least all the "ingredients" like securing finances, tenants, and getting proper documentation) I'd be much more comfortable taking my first step.

It seems to be a pretty secure one, but I suppose it would be unorthodox.