Are there restrictions on doing that?

Here in CA with non judicial trustee's sales, it matters not at all if the  borrower is deceased, as there is no service required.There are contact restrictions once the Borrower dies.  

Most REO's other than FNMA don't have resale restrictions.

Lower taxes, more multis available, and no parking restrictions.

The identification rules are a little more restrictive but it is still fairly easy to craft a 1031 for you that accommodates 1 or 7 properties.  

Are you restricted in what areas you're looking at? 

I know there are watering restrictions, but you can always buy a little water. $50 should get you several hundred gallons.

Hey All,We have a row of (5) 4 unit apartment buildings in NJ that I was thinking of approaching the local township to get approval to convert them to an age restricted building (55+).  

If there was, I'd want to know when and why.Same with HUD, HUD has a list of sanctioned players that have been barred or placed on restrictions, someone could be hit at different levels from never buying another property for investment by a court order to being excluded from HUD type financing or projects, if they have walk away as these are serious issues.Run the name for criminal matters, if there are recent issues, even a DWI, I'd think twice as if they get nailed, sued, your project can be at risk.

Before you do any seller financing read about the the Dodd Frank Act and the requirements and restrictions involved.