This would be great news, except that the junior lien holder has filed a notice to redeem and intends to pay off the mortgage amount.

No consequences, except my own.

I am not aware of any cons with holding title open except that you won't receive the a paper copy of the title insurance until after a year or after your refinance.  

Yes, except your argument doesn't hold water in light of the fact that I don't know a single investor who succeeds for whom investing is not a job.

It's sort of the Hedge Fund model (except those rarely get 20% of the profits...it's ALL in the backend except for an annual management fee.) 

Prices are reasonable, quality is exceptional.

No offer is final except mine.The advantage in selling a personal home is you are dealing with a emotional decision on the part of a buyer. 

On top of that we have a good, long time renter, except for he has become unreliable on timely rent.  

The 203k seems pretty appealing for what I need except for the fact that i believe it requires me to have a licensed contractor lined up as project manager.

I am aware of the moving exception but my first FHA was in 2005, moved in 2007, bought current primary with conventional and now looking to buy multi unit with FHA, my lender said he wasn't sure I fit squarely within the exception.