I wouldn't seller finance a real estate agent on a primary residence without making sure the loan was in total compliance.

Small brokers will probably fall off in time trying to stay up with compliance, big fish eat little fish. :)

Not only are you trying to use an FHA 203k loan (which has many aspects to manage and compliance requirements to meet), but you are also intending to change the existing use of the building too.

If your broker leaves, then your firm will not be in compliance and that may (if you can't get another BIC) impact your business. 

If not, budget $30/month if you want bare-bones, compliance only or $95/month for full service.I don't specialize in seconds but the biggest risk I see is having to make that mortgage payment on the 1st.

With installment sales this is considered a mortgage on a dwelling, and so compliance with those is deemed necessary (see many other threads on the topic). 

I am also waiting on lead compliance cert so that has an impact.

In the case where there is a significant time left on the lease, I usually recommend completing exterior items first and any compliance/HVAC service items inside and then wait until the tenant moves to complete the full rehab.

I think you will find starting out you need to also find your State and county landlords pocket guides and cheat sheets so you understand what your state rules are so you are in legal compliance at all times.

Technology and online accounting to support your investments and recordkeeping.Custodian compliance reviews your investment for accurate titling before processing.