Chiffon Williams you are correct,but The reward outweighs the risk.

@Justin Fox Hi Justin, thank you for replying.In your case, the value of the warranty absolutely outweighed the risk while saving you a lot of money. 

Speaking from the brokerage side, I 100% agree with your desire for a small brokerage and feel the pro's far outweigh the cons.  

I wouldn't let hot, yet still affordable markets scare you away.There's allot of great markets for young people starting out. Weigh

We could have challenged it in court, but the attorney costs may have soon outweighed any value in the land we tried to claim.

Additionally, most lenders would be happy to talk about their terms with you, so I would just give them a call and tell them you are just "shopping" for a loan and they will explain the pros of their business model and try to outweigh the cons.

It's certainly do-able, but you do have to have a minimum level of familiarity and comfort with real estate, and the # of wholesale deals I've done that have become complicated/hairy/stressful far outweighs the ones that went smoothly :)You might be better off paying a small amount to sit through the real estate pre-license courses they give to new agents, just to get familiar and comfortable with a wide array of real estate terminology and issues (as well as get a better understanding of how real estate agents/brokers/etc. work).

@Mike Cumbie, all very good reasons that probably outweigh the only argument that I can think of for letting them move in early, which is "good will".  

This only issue I see is the closing costs that you pay transferring the property outweigh any "gain" you'll make by selling instead of just doing a cash out refi.

I just closed on my investment property a 3 family I was considering converting my basement into a 1 bedroom apartment, but was wondering if there was any rules and regulation, also I don't see a downfall in this theory only probably the up front costs, but the upside is it would increase my rental income and cash flow; I think the pros outweigh the cons.