A 10 year amortization really helps build equity quickly, but you'll be pouring an extra thousand a month into the property during that time (rough guess, figure out all your expenses). 

However, the only thing you have left out of your post is if you are sure you have the extra capacity (with respect to amps) in your panel to run an additional 33+ amps. 

That is because they have been paid in full and are now coming back to finish a job with DEAD TIME - no more money earned.

Overlays are the extra rules that banks put on top of Fannie/Freddie loans to limit their risk. 

Also, the extra time and costs associated with a jury trial and potential difficulty of recouping those costs.

I wouldn’t do anything extra or not required by the lender.

Hey @Alison Crawford - If you can clear $200,000 by selling it, and can earn $6,000 a year renting it, you're technically getting a 3% return on your equity. 

You earn capital gains and pay the full tax due at 15% then you reinvest the remainder into an OZ.

Maybe you can have a discussion with your agent to pose a hypothetical like "Hello agent, I have some extra time on my hands and wanted to get your thoughts on this. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.