I also like all the different financing options that are available to you once you claim it will be owner occupied, makes it a lot easier to get in to initially and you get some up close and personal landlording experience.

As far as damages once she is out, then from security deposit you would take damages, rent owed, court costs, ect.. and you may have to file another small claims court action to get that money if the amount exceeds her deposit. 

I believe a previous tax buyer would take precedence as their claim to go after the deed would come sooner than yours (i.e.

Every lender we've spoken to in NYC claims to never have even heard of the FHA construction-to-perm program, except for a single mortgage broker who we're hesitant to work with, as he's a developer himself and we're nervous that he wants to buy the plot we're hoping to build on.Ideally, we hope to secure an FHA construction-to-perm loan for a 2-family home in Brooklyn, NY, within the King County FHA limits.

One of the units in my 6 family is withholding rent this month over claims repairs have not been addressed, but the tenant at the same time is refusing access to the apartment unless they are home/present.  

So refreshing compared to some others on BP that seem to claim "there is only ONE RIGHT WAY to invest ...

We've been bombarded with  options and they all claim to be the best.

Make sure you get a Title report and use a Warranty Deed not a Quit Claim deed.

Insurance is one of the most important aspects of starting up a short-term rental, and it's one of the most overlooked issues.In my experience, it's almost a sure bet that your normal insurance carrier will NOT cover you for any claim arising out of an Airbnb-style short-term rental.

@Derrick Lloyd If you live in CA and lift a finger related to your MO-registered LLC (like, you know, making a phone call to a property manager), CA claims you owe it $800 per year.