It gives them the breathing room they need now but doesn't lock you in long term at that lower rate. 

If you go with commercial financing you can put them in LLC names and you won't have those restrictions - but will have crappier financing terms - like 5 year locks instead of 30 year.)We bought 12 houses in 2018, 10 in 2019, and 9 in 2020 before prices went skyrocketing.

The underlying note from the lender is still in place and the Due On Sale can be triggered.

You gat pull the trigger.

Small details like a handrail on stairs or window locks can cause your unit to fail an inspection, delaying the start of rent payments.

The more issues you can take off their plate before you lock it up under contract the better you'll be.

In this model, you're locked into a lease option and if for some reason you need to sell.

Turning over management via a triple net lease is a great way to lock in superior cash flow thru a 15%+ long term lease.

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

Whether you are looking flip the property or hold on to it, getting a 6 or 12 month fix and flip loan doesn't lock you in for that time.