Jon, I understand what you are saying and that there are valid reasons behind it. Is there a document to this effect or something in writing? This would be “arms-length” and at Fair Market Rent. I’ve purchased a number of shorts where I have inherited tenants; this is the first owner-occ that I have come across. I used to buy reo’s at the courthouse and did do rent-backs a couple of times. Can you site regs?
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