I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

I know out here on the West coast with our digitalized title plants that each title company has it would be a matter of a few clicks for customer service department to transmit a copy of the mortgage to me..

Let me know if I can be of service.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Are there other legal or financial consequences I should be aware of?

On the other hand, if you're aiming for long-term rental properties, getting prequalified with a lender specializing in traditional loans or DSCR (Debt Service Coverage Ratio) loans is key.

Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.

With 0% down and 30 year amortization, your monthly debt service will be $1756.

Well anyone can write anything into a contract, but whether it is legal and enforceable is for the courts to decide...It is State law here that a contractor must call 811 or they are liable for the costs.

I ran a new electrical service up to the apartment and replaced all plumbing.