You will here it a million times on here and it's the truth...you will make your money upon the initial purchase.

I have never in 15 years of being a landlord, had a tenant tell the truth, that they, in fact, broke something.  

congrats". and you have also gotten people like Ben that tell you the truth, "you messed up from the beginning". 

The truth is, you don't need them.

The ones in my area stretch the truth constantly, withhold offers, break deadlines.

I would definitely look through the purchase agreement though because it truthfully should have been addressed there.

DATA STANDARDS The CFPB requires data and documentation standards for all entities that service more than 5,000 loans through the Mortgage Servicing Rules under the Real Estate Settlement Procedures Act (Regulation X)7 6 Ibid. 8 PROPOSED REGULATORY PRUDENTIAL STANDARDS FOR NON-BANK MORTGAGE SERVICERS and Mortgage Servicing Rules under the Truth in Lending Act (Regulation Z),8 collectively referred to as the “Mortgage Servicing Rules.”

The wealth advisor seemed to have a good point that banks like to see the value of the life insurance policy/type of policy as assignable so if you pass while covered, it can meet your obligations, then the remaining is left for family/spouse children.Any truth in this, and could this potentially sway commercial lending apps one way or the other?

Tell the truth. 

There have been many successful exchanges following this line of reasoning but it too should not be applied as an umbrella over all.The truth of the minimum time the property needs to be rented after conversion from primary residence to full time rental lies not in a specific time but rather with your demonstrable intent.