I have seen this same house that is vacant (all the classic signs) I have located the owner ( I have not reached out to her yet).

Short-term rentals of non-owner-occupied properties will also require a special use variance which is obtainable by starting with the completion of an application in the Zoning Department."

But generally speaking the training business is just like any other small to mid size corporation.. you only have one owner or CEO and they manage folks under them..

I had a rental house that burned down. 

if i were to acquire these and have them be owner financed, I would want clear title and the other mortgage on this lot removed - especially if my loan has a balloon on it that matures prior to the existing loan, as how would to provide clear title?

I would not consider a house that cheap to be near a B.  

Property #1 is a turnkey, fully rehabbed 2/1 1000sq ft house in a location that will rent for $1200.

I don't disagree with a lot of your sentiments but the numbers don't work on duplexes in our market anymore like a traditional duplex where people want to house hack so in my opinion a triplex is the best. it also allows you to have highest asset value possible. in terms of our single family spec homes compared to our spec triplexes the triplex build to rent have the most interest. 

In response to your questions:Biggest q i still dont really understand is:- what happens if i refinance before 7yr term or sellAs you'll be the owner, you can refi or sell before the 7 years. 

He wanted it all sold as a single package with no owner financing.