You could do an installment contract with a change to the default provisions and perhaps having options with foreclosure, but doing that, you might as well do a note and deed of trust or mortgage.Deals to the poor in C areas will probably lead to problems, there is a crack down on predatory lending regardless of what the deal is with small borrowers.Most any installment deal that was done 3 years ago is most likely illegal now if the laws apply to that borrower or property, much less the deals done by old timers that have been done for decades, those are pretty much out the window.

Since STRs are illegal in that area, by accepting them you'd be opening yourself up to fines from the local jurisdiction if they chose to crack down on STRs while you owned the property.  

One of the items is for a large crack on the stovetop and there is a crack down the middle for both of the refrigerator interior drawers.

One day the banks or government may crack down, but for now it is a widely acceptable practice (at least in province of Ontario anyway) that he has laid out.  

A loan officer actually told me that since the crack down on the  industry there is a strong possibilty that there would be someone checking up on the property to see if was being used as intended.  

Just awful business all around and I wish the state would crack down on it. 

Put the tenant on notice and check up on them to ensure they are not letting the problem happen again.https://codelibrary.amlegal.co...Misdemeanor is pretty harsh, so it leads me to believe this is not the first offense or they are trying to crack down on out of state investors.

Doing this medium-term rental took this property from not cash-flowing to cash-flowing by a lot.I think this strategy is great for Austin as they crackdown on STR in residential areas. 

Jay Hinrichs Russell Brazil I hope they crack down on wholesaling across the country without a license.

Its the same with Unlicensed PM's who think they can have a master lease and end up running a big PM operation....I had extensive conversations with the DRE investigator in MS over this issue and again he said its just a Ruse and they would shut down anyone without a valid brokers license if it appeared they were just acquiring multiple rentals on leases then releases them as in acting as a PM without a license.The Real Estate industry as a whole needs to help the government crack down on all this unlicensed activity by turning in these unlicensed people... that just try to flip contracts or homes without ever buying them...