I have had a few tenants pay late, and I always charge the late fee (except in 1 instance where they were robbed and had to replace check book). 

When there are two or more borrowers, but one or more will not occupy the property as his/her principal residence, the maximum mortgage is limited to 75% loan-to-value (LTV).Borrowers should take note of some exceptions to that 75% limit which are based on family-type relationships.Borrowers are eligible for maximum FHA loan financing for non-occupying borrower situations for FHA loan applicants who are related by blood, marriage, or law.

Best thing I have ever done in my life (except for marrying my wife and having 3 beautiful children:) I am now running a successful real estate brokerage expanding across the state.  

In particular, I'm curious to know if there's a particular set of circumstances or mitigation strategies that could make the increased risks (vacancy, credit, property crime/damage, etc.) worth it. 

@Brandon Hall I agree with you in most circumstances.  

Depends on what type of asset it is.Retail the buyer as options could go drive the area,walk in and out of the businesses as a customer,etc.They could not talk to the tenants in a buyer mode or disclose the property was for sale just be a casual observer or looker.The property management company could coordinate a more intensive inspection with the buyer if they were under contract to purchase.A lot really just depends on the circumstances.

Contact your plan administrator to confirm.If this is an old plan from a former employer then there are many firms who can help, including some on BP.If you are self employed and are the only employee in that entity (except your spouse with some limitations), look into a solo 401k vs a self directed IRA.Good luck.

Each present a unique set of circumstances and criteria.

I had a change of heart due to circumstance and I transferred here to Springfield. 

The details are important (like if vacating is part of your deal or required, see below).Each state can vary and each situation turns on its particular facts and circumstances.