I know that nothing is free, and that some programs require you to pay the DPA loan back before you move out but what else is there to have in mind that I should know about.

There are hiccups if the landlord hasn't completed their end of the paperwork or requirements through the online portal but nothing that was a crazy delay. 

This would be subleasing and it would require the landlord's permission.

😎I've never required my SF buyers to get lender's insurance in my dozen or so sales, but I made sure to use a REC, not a Note and DofT. 

They are ultimately the same thing but I know that many lenders require seasoning.   

I am curious what all the shady stuff these investors are doing to require such intricate setups.

They are monitoring what I do with the money, in the sense that they’re withholding a certain percentage of funds and requiring me to have inspections done, etc., as a way of ensuring that I put it towards a renovation and not just walk away with it.

Sounds like you are trying to do a Lease with Option to Purchase.This requires 3 separate documents:1) Lease2) Option Contract3) Purchase contract triggered when tenant enacts Option Contract.National statistics show that around 65% of Lease-Options fail.

Also don't forget that you can house hack a multifamily with 5% down, but buying a multifamily as an investment property requires 25% down.Good luck!

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