If they have skin in the game ensure there is language in the PPM that keeps that 'skin in the game' there until a refi occurs, or that the PPM does not contain language to allow the sponsor to pull his money out as soon as the deal closes before LPs can.

2) Does it contain any additional language/terms that say something like "Inspections for buyer's information only"?

. - Language.

Here is a link to the municipal oridnances: https://library.municode.com/w...More important than the length of lease is the actual form; a lot of leases I see have language in them that makes them unenforceable, because they violate state law.

@Charles PipkinAlways always always have an attorney read a pm contractHave an attorney check indemnification language as I have seen contracts where they are also not liable for any acts they do - which is crazyI know my attorney would edit that to except for acts where the pm was deemed liable or responsible.,,,

You can certify today that you will be the primary resident and then lose your job next month and have to move for a new job...things happen2) Have your Attorney review your Note and Mortgage documents to determine if some form of action by you is required should your residential status change...most of the time the answer is no3) The likelihood of a bank putting you in default when they are getting paid regularly is slim though I'd be doing a dis-service if I said they couldn't do that4) There is no "rule" as each lender's requirement is different...some are Self Certification Only, some are 6mths, some are 1yr and some are 2yrs...it just depends on the loan type and issuer...again, the exact language will be expressed in your Note and Mortgage and unless you committed fraud by saying you were going to live in the property and yet had no intentions at all, then most likely no issue exists5) There is no asking a bank for permission in my opinion...not sure if I know of any Residential Status Change Authorization Desk... 

Monthly REIA meeting (Thurs nite), weekly networking lunch (Fridays, Chinese).

KnoxREIA meetings are to real estate investing as learning a foreign language is to a total immersion experience.

Any recommendations on a Chinese-speaking professional who can handle that?

Consider putting debt collection language on all your notices; notifying your tenants you are in fact a debt collector as this latest information is now making evictions fall under the debt collection practices processes as well.