I called my realtor immediately to explain the situation and left a message. 

I'll explain...When you purchase a property with existing tenants, who have a lease in place (in MN you can also have verbal leases), you'll inherit those tenants and the leases they signed with the seller on closing day. 

One last thing – we recommended you create a Status column on your spreadsheet, now we’ll explain why.

Happy to explain these in more detail if needed.

Probably naive on my part from listening to sales person, but I explained that I was pressed for time on my day job, and he told me Flipsystem only requires 3-5 hours a week tops.

On the topic of your house hack, it will make the most sense to house-hack with a duplex, triplex, or a quadplex as it might be more difficult to explain to a VA lender that you will be house hacking (Sharing or renting out rooms) on a VA loan with a SFH.

@Andrew Postell Thank you so much for a well written post explaining this terminology!

Make sure it explicitly explains the process for termination if you are unhappy with their services, especially if they violate the terms of your agreement.3.

Personally we just do option 1 or 2, it's easy to explain and understand, and even if option 2 only recoups you 80% of the cost, that's better than 0% or the headache of trying to figure out option 3.Again make sure this is all allowed for your area

Call your lender and explain what you want to do.