Well, actually I watched him bring it in on my security cam but you get the idea.

c) Am I no longer qualified for the FHA (assuming I never lived in my rental)? 

A few thoughts:Prepayment penalty cam literally be anything you negotiate.

It would be good to have a mortgage advisor chime in with how the bank would perceive the structure of partnership agreement versus being on title Cam

If perfect, all the landlords expenses are paid for but digging into leases reveals caps on certain expenses (property tax, insurance) or CAM, or certain parts of it, can be excluded from one tenant but added to another.Make sure you have your attorney complete analysis of the leases prior to the end of due diligence.  

@Cam Chan would love to help any way I can.

That's how I cam across this website.

Would focus on the following:Zoning, special/conditional use variance process, planned zoning, Engineering- building, traffic, soil compaction, water flow, Permitting, fire suppression, fire hydrants, storm pounds, storm sewers, ADA,     Governmental- soil erosion, floodplain, wetlands,Leasing, NNN, CAM,     Valuation approaches.  

ie, Our past projects, Project X, came in at $X million, Project Y, came in at $Y million, Project Z cam in at $XYZ million. etc...The GP side must have some depth of experience even if you are new at it (???)

I even looked into the Cam Dunlap iflip system but it wasn't worth a hill of beans.