there are some positives, but many negatives to them, you should get a ratified deed up front, be aware that the lender could call the loan, be sure the seller will fully cooperate when it is time to formally transfer, seller could circumvent you at the wrong time, borrow against the potential equity or just say "forget it, i have a cash buyer"!.

Looking at closing on a home in E Whittier/Orange County border in April timeframe. 

The drawbacks are that it currently does not allow for e-sign of a lease or the collection of rent with a frequency other than monthly.  

Looking at closing on a home in E Whittier/Orange County border in April timeframe.

It may be too late now if you already shot your credit but one thing you can do is open up more credit cards and keep rolling 0% balance transfer offers to various cards. 

The tenant that is month to month you could negotiate a new lease as soon as you transfer. 

@jake It was located on 2100 block of e Albert and no we never got it locked down.

Is there some reason why you can't transfer title to your own name? 

After speaking with my lender I transferred title to my personal name before I beginning a cash out refinance.

I got a lawyer and we discovered there was no legal transfer of my contract.