It's a simple form and a few Docs that they require  prior to the fee request and Paying the fee obviously doesn't guarantee that they will approve the deal. 

Tenants been there 4 years paying the same way under market. 

Once the tenant was identified, I was notified that they would be paying and signing the lease on August 2.I reached out to the property manager on August 2 via email to confirm whether they still planned to sign.

My question is when the three years are up is there a way for me to “refinance the house into my name based of off the equity instead of having to qualify based on my income and pay the owner off”.

Chances you can get a company to do title, pay cash and come to an agreement within a week is going to be very challenging.

I got a quote for $17k to $19k for a full updated, fully occupied building.I thought this seemed double what I should be paying. 

It did come with a pay cut but worth it since I wasn't crazy busy or dead tired during or after work.

Assuming you find somebody who has the risk appetite, you’d need to pay them a huge return to compensate for the risk.

At that point you would just pay the tax as you normally would. 

During the housing boom, it was the complete opposite—they even dropped realtor commissions to 2% and made buyers pay most of their closing costs.It sounds like a great time to buy.