The underwriter may want to see both the signed cash for keys agreement, and the agreed upon amount of money escrowed, to prove that it's legit and not occupancy fraud (most common type of mortgage fraud). 

That's not even common sense, the only people I've heard of that didn't work for their money inherited it, then they have to spend that much time trying to keep it!

I can't speak to this specific program but there tends to be a common theme with all of these programs.They are traveling the country  up selling coaching and other things.

IE if you put 4 people into your deal as investors and not on title like a tenant in common or owner of your LLC. even then its tricky.Hopefully this gives you some ideas to jump start your career.. you make it in commercial brokerage you can get seriously rich... a few cash flow properties shared with investors are not going to make you wealthy.Like to hear your response and what you think...

I look forward to making these decisions every second, not that they will not be redundant and common sense I'm glued to my phone.

Then the attorney says, well, he has caused you to incur a financial loss by devising this off the wall financing arrangement that is not common practice around here, we'll sue him for damages!

Thank you @Chris Music and @Julia Blythe, I thought that was the case being common sense but I had a conversation with another flipper and he said to leave it as is...I appreciate the feed back.

Is this common practice?

From what I've read and heard (and from common sense) it seems there is an inverse relationship between the quality of tenant and typical repair/turnover costs.

The common theme I continued to hear from those involved was "house hacking" as an excellent beginner's strategy.