Most sellers only care if you close so you can usually use another form of capital stack other than what is on the agreement, however, the seller can force you to use the originally agreed-upon payment method. 

They originally wanted to phase out STRs with deed transfer, but the complexity and lawsuit risk of that verbiage had them change to this. 

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.

Well, my original SFH purchased in 2010 still has its original S8 resident.

Residents in flood-prone areas were offered newly built, elevated homes on safer ground in exchange for transferring the title of their damaged original homes to the city. 3.

Although, what you originally stated did infer a different picture.

Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.  

Because the extra family members weren't on the original eviction, I had to wait another 3 months to get them out. 6 months altogether. 

i understand a true duplex might be a lot more expensive, but i think it's at least worth continuing to research and keeping an eye on.and sticking to my original point, OOS can be tough. 

The non-recourse lender was actually the original seller who was financing - GEG was the middleman making a HUGE markup.