Most of my friends down in LA that have purchased home purchased one primary to reside in and have no plans for renting it out.

A pile of asbestos siding or a bunch of lead painted wood and you have a big and expensive cleanup effort.Build six apartments on that lot and five years from now the resident's kids dig up something toxic and you end up losing everything you've built up.

It was my own residence, and rented 2 other floors below.

Does A private individual doing private mortgages for profit on OO primary residents at 16 percent interest throughout the United States need to be licensed?

You'll find that there are many SoCal residents that look to invest in out of state - maybe over time you can become the goto guy for your LA friends who want to invest in Oregon.

Okay, first, you can't do a NNN lease on a residence or mobile home in Missouri or anywhere else, taxes, insurance and maintenance are owner's responsibilities.

@Page HuyetteHUD Owner Occupant mean primary residence, Not second home.

>> If you sell the 4-plex to a Buyer who plans to live in one of the units, the sale may be treated as a principal residence transaction in your state.

The situation is my family member has a house that she no longer resides in.

Compressed natural gas is cheaper than propane but I have not seen fireplaces for CNG yet or individual tanks for CNG.As I said previously, I would not remove a masonry fireplace and chimney and would expect the costs to be thousands, its not an easy job and the repairs to reframe and drywall the inside and reside the outside are just too costly.I have removed swimming pools which I consider a hazard in rental properties but not fireplaces.