However, it’s important to clarify the reasoning behind this shortened lease term to ensure both parties are on the same page, as it could lead to confusion later.

My desire would be to tender a contract to purchase the property, pay off their loan while ensuring the owner receives fair compensation and I receive the house.

As long as its renovated PROPERLY and tenants are screened all should be good. 

Exactly how long you have to ensure this gap of timing before you can qualify for full doc again depends on your specific situation.

Depending on these regulations, you might need to maintain a means of exit from the basement unit, such as a separate entrance to the outside, or ensure that the stairs remain accessible but secure.

How will you do this and ensure you don't accidentally bring in another bad renter?

You can charge higher rates than a traditional long-term lease, but ensure your pricing aligns with the demand in your area.Marketing: Platforms like Furnished Finder, Airbnb (for longer stays), and even Zillow can help you get exposure.

This strategy ensures that these properties are protected by the liability protections you’re seeking

We arranged movers for both his belongings and the seller’s, ensuring a smooth transition for all involved.Once he was out, we completed the final walk-through with our cash buyers, who were eager to close.

Surround yourself with professionals we’ve mentioned, like title company representatives, and ensure they consistently deliver results.