If the rental property is a good deal, see if your bank will refi your primary and allow you to cash out 15k for a down payment on the investment property.  

I have these in my primary.

There is a clause about the tenant's maintenance responsibilities that says the tenant will keep the premises clean, sanitary and in good condition.

We ended up buying a primary residence instead of a rental, so we didn't require legal assistance at the time of my original post.  

Personally, I would rather have my rentals in worry-free condition than my primary residence. 

We just want to know if we can sell and use for down payment for a primary resident without getting half the profit taken away.

If you have a primary title company that you use, ask them if they would be willing to run reports on the properties you are bidding on.

Keep in mind that if you get loans that are meant for primary residences, there could be stipulations about how long you live there to keep the loan.If you move forward with low income landlording, you may want to check out my BP podcast episode and my weekly BP member blog.I think if you are comfortable living there and are willing to put in the emotional and physical work to keep things on track, you can be successful.

Often the mortgagor has already vacated the premises, though sometimes they are still there.

although sub prime was very predatory so those folks have a beef to a certain extent but then again many who fell for sub prime needed better primary education at the end of the day so they could protect themselves..