I just want to make sure I am prepared before getting to that part!I

I heard about this through a podcast with pace morby Exactly like a subject-too deal. there are some twist that you can add in there, but the important part is to close the deal with a real estate lawyer so that you are covered legally.

I’ve found being better upfront about a zero tolerance policy on noise/parties force limiting number of guests accomplishes about 90% of what I need it to in screening out the cruft, then attaching a higher $800-$1000 deposit further filters those without the means to cover damages if they’re incurred.

May 2021: LOI submitted / negotiated (14 days totals)July 2021: PSA executed after 40 days of back-and-forth August - December: 3rd party reports, meetings with city, meetings with builder/partner, architectural drawings, pro forma revisions, etc Q1 '22: Lineup debt/equity June'22 - Ground breaking, with construction expected to last 16 months.

We had to seek out another title company and stop communicating with all parties.

It is not unusual for a Property Management company to request to be put on the insurance as an Additional Interest or an Interested Party. 

Since they all follow the same guidelines, and it was an unbiased 3rd party, there is significantly higher chance your refi numbers will come out closer to what was expected than just trusting Realtor opinions (after all - banks don't hire them for an unbiased evaluation of homes prior to lending). 

the difficult part is not selling your old property. 

Can anyone speak from experience or expertise about what issues I might have by leasing the property to three parties, given I respect the occupancy limit?

As for a project update; the 4th bedroom has been added and is already leased by multiple parties until summer 2023.