What legal rights do I have?  

That's the attorney who should be preparing your leases and other docs/forms.What do you mean by "legal lease terminations"?

.: If you read that as "SubTo IS Mortgage Fraud" go back to your 4th grade teacher and apologize for not listening in class about sentence structure.Subject To is legal, when done legally.The problem comes in when you fill out lending or tax forms and you omit information.

You’re smart to pause before doing any work on that easement, paving someone else’s land without the right language in place can turn into a legal and financial headache.A few things to think through:1.

My agency writes investment properties in SC with a handful of carriers. 

At the same time Id like to know how hands off can it be.

If you do the loan as a side agreement, then you're back to mortgage/bank fraud handing that document to an insured lender. 

Fannie Mae+1Talk to a mortgage broker who knows multifamily owner-occupant loans — product availability varies by lender and changes rapidly.4) California vs out-of-state — decision factorsPros staying in CA: easier property management (you live on site), faster hands-on control, potential appreciation in some areas.Pros going out of state: more cashflow and lower entry prices in many Midwest/Southern markets — you’ll trade more travel/remote management for higher yields.Consider: rental market demand, vacancy rates, property taxes, landlord-friendly laws, and ability to travel/manage repairs.

Being software developer full time I am not hands on with repairs, painting etc. which some people are very good.

Those are legal issues, not tax issues, and renaming the relationship does not protect you.If it actually worked the way the guru claims, I'm sure every landlord in strict markets would already be doing it.