This states the home has been approved and available to be a rental.And some of these must be applied for every time a tenant moves.So check your state laws.There are Landlord Tenant Laws, Building Codes, and laws that are not laws at all but based on a Judge’s opinion of whether or not a tenant did wrong or not.For instance, normal wear and tear.Judges have various opinions on what they deem normal wear and tear.This is an Industry of thinking skills.This is an industry of holding your temper and implementing your lease agreement no matter what.You need to think like a Judge.You need to think reasonably.You need to be a good listener.You need to be in control.Once you buy a house you need to know how to keep that house and how to keep your tenants long term.You need to know how to be all things in order to keep your tenants happy, yet make them know the rules of landlording and how to be good tenants.I always say that one is only as good as the tools they have.You could be the greatest landlord in the world in mind and action, but if you don’t have the equipment, or the education, or the money to invest in the proper tools to make you successful, then you will never make it in this business.It takes my breath away to read the stuff on here by new investors.And I understand that how can they know what they do not know?

This is a position that requires experience, especially in an instance where your money is on the line and time is of the essence.

In that instance the agent correctly listed as a 3 unit but there was a 4th unit in the basement with full kitchen, bath, etc.

Banks get insurance in these instances as easy as you and I stop and get a gallon of ************* milk, but even Lloyd's of London won't insure this house.

For instance, the strategy here is to acquire a performing note not a non-performing note as an NPN would have additional capital demands.  

For instance the money is tax deferred going in which is great but then when you borrow against it you pay it back with after taxed money and at an interest rate.

So it's more of an instance where you'd purchase a multi-family and live in one side and rent the other(s) out.I'm a buy and hold investor so I probably wasn't the best individual to explain it to you, lol.

CA. for instance the tax's are the same if its owner occ or non owner occ..

For instance, if I want to invest $100K.

For instance, if a single investor owns 8 homes in a 30 space park it could be an issue in a market where parks are competing to "poach" homes from each other.