Existing situations are less likely to be reported because it has been that way for a long time.Jail is pretty extreme for a consequence, but if someone gets harmed, you could be held responsible for criminal negligence.

Nerdwallet was kind enough to list both the interest rate AND the overall APR for 30yr fixed conventional vs FHA and that tells you that looking at the interest rate only is misleading and actually harmful to your long-term wealth building. 

I appreciate your comments as it is definitely an area that if you don't now what you are doing can pose more harm than good... 

I had met the sellers and knew this would not only be unlikely to help, but would likely harm their chances - I live here, I buy and sell her, and I know this market and the people.

It's usually applied when you're doing direct harm to another group or party.

This can harm your business as no one will know where to find you.As for getting started...talk to EVERYONE!

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

It can be helpful or harmful, depending on how it is used.

The neighbor "saw no harm" in it.

The Taxable Value is uncapped and equated to the SEV upon a sale or other transfer of property ownership, with limited exceptions.Once you know the Taxable Value, you can look up the property tax millage rates, which each city & county sets separately (with voter approval).So, yes, it is very possible for property taxes to jump from $907 to $3200 if the seller has owned the property for quite some time.You can use this tool to estimate your future taxes after they are uncapped: https://www.michigan.gov/taxes/0,4676,7-238-43535_43540---,00.htmlYou might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes