You’ll want to get loans from local banks and credit unions but you may run into issues with more limited features.

You would expect a clean title at close so if there is some issue, then either it would be resolved by the seller or the deal would fall through.

Or, in most metro areas, you can obtain the list of permits that have been issued, and see who is receiving permits. 

If you're clear about your expectations then that's their issue.

Like anything it has to stay balanced but small gestures go a long way in reducing turnover and mitigating many "would be" issues. 

Or should I just have them install another meter for the third floor to avoid any potential issues going forward. 

Title issues tend to be the fact pattern where properties are truly not financeable but that's rarely the case when you see the "cash only" adverts.Ultimately, proceeds will be transferred through a title company and its not as if the buyer is showing up with a duffel bag filled with cash.

In Philadelphia, which is where I am located there was a recent re-set on rents that are significantly higher and suspect the increased rents will cause more investors to turn to the program which may cause more lease-up issues.

My youngest is 16 and very independent so no issues there.  

There are cheaper one’s in D/F areas but I would be careful as those can create a laundry list of additional issues.