But if the license is required and its a flaw on the lenders side you can bet the borrowers attorney will raise that.. 

It was discovered by a guy that does my surveying to mark property lines as a possible issue. 

Quote from @Andrew Zamboroski: I'm slowly discovering that sticking to non-primary residence is the way to go.

Hey PMs, I have recently discovered that a common short term rental strategy is to long term rent someone's space (house, apt, etc) and use it to sublet to others in short term renting.

I went in with the opinion I could offer a certain amount for it and it would be worth it at the price point unless there was something major discovered when walking it with contractors that was not shown in photos.

His parents, although willing to cooperate, don’t have power of attorney.There were also more serious issues discovered in the unit, including a locked room, but we’ll leave those details aside.

Become Financially FreeI want the experienced people in this industry to pick apart my plan and tell me if there are any flaws in my logic, and if so, help me to understand a faster or better path to become like the rest of you.

Become Financially FreeI want the experienced people in this industry to pick apart my plan and tell me if there are any flaws in my logic, and if so, help me to understand a faster or better path to become like the rest of you.

When I first discovered the world of residential real estate investing, I was totally mesmerized (obsessed??)

@Marta Wendel: Where you part of his program and discovered this?