That's my best advise on it.It is quite common to have issues with permitting or with the removal of tenants so the lender will understand if that's what's going on.

Familiarize yourself with the types of properties commonly financed through private money lending and the current trends in your area.

I was on the HOA board of a luxury building in San Francisco and you would be surprised at how many people will let their dogs pop and pee in the common areas (killing very expensive plantings).

Garden-level or street-level ADUs are common in New York multifamily properties.

Myself and family truly loved the property and house; just want others opinions on if this may be a mistake to proceed, or does this appear common practice for the age and location (upstate New York). 

its called a Hypothecation.. quite common..

I’ve worked with a lot of first-time buyers, and common concerns like HOA restrictions or property management costs often come up.

Or, it could eat up all of your profit, which is most common.)

That being said, it's very common for listing agents to not respond to emails, texts and phone calls from buyer's agents with interested buyers- you'd never know if they are doing this or not, but I'll tell you it happens all of the time. 

@Mauricio Quintana -  Split payments are super common.