On a normal deal with a sane tenant or buyer, you're not going to have a lot of issues anyway and therefore, not a lot to manage.

When I have kids I want to be a part of their life every day, go to any event with them, travel the word with them, play with them everyday, wake up and make breakfast for them, come home and make dinner for them and do what we want, when we want.

What time and what day do they normally occur. 

Lenders also don't like to see these liens so even if the buyer wants it their lender may not.Maybe when you sell the house you can pay it off, with or without prepayment penalties, but if this is the case do the math to make sure this improvement is worth it on your fix and flip project, it may not pencil out, it normally doesn't.

It would normally be put into a trust, LLC or Investment group.

Is this normal?

If Bob could read, he would understand that a 10% cap rate is normal where I live and where I invest. 

However, I don't normally see any smaller semi being offered.I will be having an inspector go through the property to verify.

Normally we keep all of our projects in house but we're fully tapped out in terms of financial resources with our current projects and the opportunitites keep flowing it.

Yea, this is pretty normal but not at all legal or ethical in any way.