How would you prevent your seller from seeing how much you make off this deal?

Then just putting passage levers on them for entry to prevent them from locking themselves out. 

Interestingly, he had not even paid his water bill since moving in three months prior, so in essence it turned out to be "our water" because we had to pay the bill to prevent a lien on the property.

Did not effect my bottom line on that property but did prevent my ability to do more flips. 

In regards to closing costs, I should have said "closing costs & prepaids" - but either way this is money I have paid out of pocket already for my single family primary residence, and money I will have to pay out of pocket when purchasing the multi.The root of what I am trying to accomplish is trying to use the capital I have "stuck" in my single family I.L.O saving and waiting or using another creative financing avenue.

The low inventory and relatively strong economy has prevented a bubble. 

That will prevent the rafters from sagging.

They're not just supposed to be arbitrary and prevent you from doing something because they want to.

I think it would help prevent terrible contractors from taking other investors for a ride.

Some states will say they are reciprocal, but have policies in place that are not written anywhere that might prevent you from getting a reciprocal license.