When you talk about "converting" a property into a rental, is there some sort of mandatory formal process for that?

@Roy N.After some reading I also came to the conclusion that unless you're credit is excellent, you will be subject to fees from 0.5-2.0%, however I feel this must be negotiable consider expected repeat business.Unfortunately there are no such live-in opportunities in 2 - 4 plexes in Vancouver at any sort of reasonable price point.

I have an investor who wants to come in on my first duplex deal with me. We want to use their funds for the down payment and then I would pay them out plus interest after I refinance in a year. How can I structure the...

So it sounds like I should simply ask the title company directly as to what sort of funds I need to bring to the close - would I also see a HUD statement in this case?

So now I have a property that I just closed on that has a tv, sofa, beds, entertainment system, all sorts of stuff.  

So now I have a property that I just closed on that has a tv, sofa, beds, entertainment system, all sorts of stuff.

I'd certainly not offer any sort of down payment. 

If fees are too low, I would suggest keeping them the same for at least one to two years, then slowly incorporate increases.If you pay cash, make sure that you have some sort of clawback ($$) for a certain amount of time if accounts leave in XXXX days.Will the owner stay a certain amount of time to help in the transition?

Ben Franklin is a franchise of sorts.

Hope the prices come down to where I can purchase then nearly immediately, put in a renter to get some sort of cashflow and move to an area where I could hope to pay $1,300 in rent.