(Obviously, I wouldn't want you to go that route, it is unnecessary and slows your progress.) 

I don't want to rush in and make unnecessary and avoidable mistakes.Thank you in advance!

The penalty is generally imposed by the bank, I would ask to see specific terms from the bank prior to accepting the deal [you'll want this during your option period] If you're trying to flip it will be an issue, if you're trying to use as buy&hold it won't matter much

To dismiss (and dis with the big Mac reference-that was rich) a seasoned investor like Curtis who contributed to Your thread, citing undercurrents of favorable market dynamics is arrogant and unnecessary. 

But the lenders also suggested removing me from the title as a solution...I feel this puts me at unnecessary risk so am hesitant to accept this offer. 

You can make the same net with mobiles with very little invested most of the time.I've done investing since 1999 and usually a real estate license is unnecessary to a hindrance.Good luck in the biz and yell if you have questions.

I would like to send out a memo stating what can be done in order to avoid these unnecessary expenses.

It seems like a lot of extra (unnecessary) work for the staff!  

Josh Mitchell While I know that's an obvious first thought, I am wondering about other aspects: a future administration imposing taxes/fees to landlords that creates tighter margins.

How large of a line of credit did they initially approve you for and is there any imposed limit on the number of credit increases you can ask for in a year?