I also believe the changes go into effect next year and will cause a lot of mortgage holders to now be in a flood zone and they will be obligated by the banks to pay that high flood insurance to FEMA. 

My impression is that some banks are exercising the due on transfer clause either because they caught it and are technically obligated to, or want to ensure they will be able to sell the loan later without issue.

As your slow season approaches, look to Realtors for clients needing housing between homes and look into workers on a temporary gig from another city, especially if you are near some large corporations or a hospital.I'm in the process of closing on a vacation rental up here in WI myself, located on the Wisconsin River, and plan to buy a couple more (will rent for $200 to $300/ nite).  

When these tenants leave, am I still obligated to provide them with a security deposit, or can I withhold it, since it was applied as rent?

I currently work in downtown Chicago and have been climbing the corporate ladder for the past ten years.

I feel that I've landing in the right mixture of personality types for me and that the mixture of having an Attorney available for my Clients to answer tough questions for them that I as a Realtor don't want to be obligated to is a Plus.  

When you and the seller seal the deal, are you obligated to purchase the home since there is a contract involved?

When you and the seller seal the deal, are you obligated to purchase the home since there is a contract involved?

I suggest you consider two attorneys, one better skilled in real estate contract law, corporate law, estate planning awareness, another who hammers out evictions and takes care of routine matters.

If you didn't sign that then there is no legal obligation.