Sometimes, partial renovations can be significantly cheaper while still resolving the main issues.Rent Adjustment Considerations: If you decide not to raise the rent to cover the cost of repairs, communicate clearly with your tenants about the situation.

While a conveyance via WD may provide the possibility of the Grantee suing the Grantor for a breach of the warranties and thereby triggering the insurers obligation to defend the Grantor or pay the covered loss, it is not the same as the Grantee being insured under the existing policy. 

I would also only want to live upstairs for the noise considerations.

An important consideration is the max LTV she's offering, points, general rates and financing periods.

Coming from an experienced real estate agent we will take this into consideration when we need to edit out referral program. 

The penalty is triggered if you refinance or sell the property and can be anywhere from 1-5 years.

Definitely in it for the long game. 6 months ago I could have pulled the trigger if I had my mind in it, then of course life happens and now we have some work to do before lenders will give us the time of day. 

I have already spent a ton to have these "unlimited LLC" structures" & haven't pulled the trigger on the recording of the deeds yet , but I will also need to pay for the attorney's time.  

She is the only real estate investor there,  but you have to take into consideration that she is fully aware of the low success rate of their program and that she is there to keep the engine going for their educational business, which is the real nature of their business, making money on the program. 

About the basement: It's partially finished (drywalls and ceiling only) with no bathroom or kitchen.Since it's a considerably smaller house, I am not sure if this would add significant value to the house if we sell it say 5 years down the line.