Then the day or so before the closing their title company called me up (which I should have know was suspicious for them to call me because they do everything via email and portal submission) saying the email with the final documents is too big a file to send to you so just sign the signature pages I'm going to send to you and send them back to me via mail and it will be just as good because we sent you the same docs to review earlier.

The contract purchase price being over market may just do it.Another possibility, and you may want to run this past a lawyer first: set it up so you have to make mortgage payments some ridiculous way, like via hand delivery to his home either in person or by courier (you said he was out of state right?)

This landlord/tenant scenario has crossed all sorts of lines and boundaries.

Cash back from the seller is not permitted via an FHA loan

Want to connect via PM and chat more?

Additionally, in many places space heaters are deemed insufficient via building codes or tenants rights, but I was unable to find anything in MN that said "you must have a furnace".

You can start to build skills as a landlord/property manager and build equity via your tenants money.

What would happen to me in this given situation via the market collapsing?

I am going to make the dive into a fourplex in the west burbs via the good ol' house hacking method.  

I even was introduced to our friend Mr Joe here via phone and he told me his story about how he escaped them and alas, I wasn’t not as fortunate.