If the lienor failed to follow the statutory requirements to perfect the lien, the title insurer will probably advise the management company of the problem and request they record a release. 

It’s perfectly livable!

It's how I've maintained a perfect bond rating and managed my business with the CSLB>I've read many of your posts and am aware that you feel that you can decide when you want a permit or not  I would word it differently.  

From a birds eye view and in a perfect world people would buy a property and their tenants would pay for it.

I will say you do enough underwriting and something will eventually get missed (my last rehab was my first to go way over budget due to various reasons so I am not perfect).  

@Matt Solis would be the perfect person to speak to about this!

that is a perfectly fine strategy - it's just very difficult to do at a distance.as others have said, house hacking if done right shouldn't close off other strategies.hope this helps - trying to be realistic not discouraging.

A good realtor that has done house hacking, renovations, off market deal finding, and owns these types of properties as well would be the perfect mentor.  

I would venture to say the perfect answer for this truly does not exist. 

This is perfectly fine if you are going to be living there a long time, but I see people who use a home as a stepping stool home to a larger home in future and make it very customized to their liking but then when try and sell it, it does not appeal to the masses.