-I would need to hire a Real Estate Attorney to draft this unusual purchase contract, and that would be an extra cost.

They will get a "Loan Payoff" from the lender....but it would be very unusual for a lender to ask to see the formal note itself.  

“Force Majeure” means: hurricanes, floods, extreme weather, earthquakes, fires, or other acts of God, unusual transportation delays, wars, insurrections, civil unrest, or acts of terrorism, governmental actions and mandates, government shut downs, epidemics, or pandemics, which, by exercise of reasonable diligent effort, the non-performing party is unable in whole or in part to prevent or overcome.

Look for evidence of an additional roommate or anything else unusual.

Unusual but possible. 

That's not unusual.

Nor is it unusual for tech workers to put money into each other’s companies.

I'll make a long story as short as possible:> House built in 2008, first owners used husbands VA loan to secure (220k loan), stopped paying HOA and bank shortly thereafter (current payoff 500k+). SCRA protections p...

amerika incarcerates more people than any other country. so not unusual. everyone deserves get honest chance qualify for a safe place live. 5. if really uncertain any felon tenant can get bonded to lower risk and should require renters insurance and pay security deposit. just  like all other qualifing candidates even dirt bag govt workers who make these dumb regs into law.6. 

It's not unusual to see 3/1 and 4/1 Section 8 properties but that single bathroom would not do well as an MTR.Overall, I'd say location and the shape of the property is going to be your key driver and the factors that will make or break you in the MTR space so very carefully evaluate both before you make your decision.