I view this last point as an advantage, because it leaves me open to any market and forces me to build a hands-off system.

For small apartment buildings and large apartment buildings the commission is usually 100% to the tenant rep. 

@James Harryton I have been filling up a building with high quality grade materials and amenities.

Over 52% of last  year's evictions came from the 10 largest apartment buildings, so evictions from single family rentals, condos and townhouses are not common.

I'd like to add that for anyone else wanting an to convert their primary property one day build good relationships with your neighbors in the mean time.

I completely agree, private money lending is all about flexibility and building lasting relationships.

You'll need to speak to the building department anyway for permits, so start there with respect to the variance.I'm sorry to say @Jon Pflueger, this is not going to fly.

I’ve never met anyone who regretted house hacking—it’s a powerful way to get started.House hacking can help you get better financing terms, live in and manage your property directly, and start building equity right away.

We plan to go the most cost-effective route initially, and then adjust later as we build more experience/reserves.Thanks again for all the great feedback!

Like @Jay Hinrichs said, it's just cheap insurance..... my clients that buy my new builds will do sewer scopes as well.. we have not had any bellies but we have had debris and rags etc stuck in them.. better to find them up front than to have a back up in a brand new 750k home LOL..