Be advised to have a rental agreement in place.
A property that you want to rent out does not qualify for FHA.
You would have to buy with 20% down( as an investor )You have to pay the taxes..
Did you have somebody explaining ALL details to you ?
Sure, the enforcement issue is a different topic but the Short Sale will make it illegal.
My experience and opinion, of course.
Remember the old Clint Eastwood chararcter of Dirty Harry.
"Do you feel lucky?"
Enforcement is a whole other issue that can be argued, but for now suffice it to say the banks wouldn't be happy with this arrangement.
Coldwell Banker Burnet
Rent possibly...........lease option, don't go there!
The lenders are requiring "arms length" relationships because they don't want to see the original owners in any way associated with the ownership of the property.