The OP is in Florida, so we are discussing FL laws.

The seller is then in a lien position to follow foreclosure laws!

Make sure you understand the tenancy laws in NH and you get real numbers if you move on this.

I wanted to know when I rent out my house am I allowed to rent it out at any amount or is there a law where I can't rent to much?

If someone is going to redeem, it's usually going to be a commercial property, or a family farm, or something owned by a church.Change in law for mortgages signed after January 1, 2016: If the borrower claimed a homestead exemption for the ad valorem tax year immediately preceeding the auction, then the lender must give certain required notices to the borrower, and must also publish those notices in the newspaper foreclosure notice.

Go to "Black's Law" look up "Torts" then ask yourself if you should be leading homeowners to think they have sold their home under your contract.While you're on that site, look up the requirements to form a business contract, do you have the intent and ability  to buy as contracted or is your contract bogus and voidable?

I am looking for a 150+ unit complex as a sponsor, along w/ my sister-in-law and another partner, and we will not be resorting to those types of fees, either.   

My brother in law is my bird dog.

I wanted to find out if there was some sort of loophole with that law, but yes honestly the more I learn the less I want to do it.By the way, keep in touch, it was nice meeting you at the Key Realty training!

I would note that extreme caution and the assistance of a qualified CPA or Tax Attorney familiar with ERISA law is critical for such ventures.The IRS does not provide specific guidance on your ability to JV with your IRA, for example.