If you choose to copy the key you could make a copy and mail it to them, then they have to pick up the held mail to get it. 

Between all the licenses I already carry for my current business endeavors in different states, I'm not too keen on adding another set of licenses I would need to possibly study, apply for and take a test for then maintain with CE credits in an industry I'm not even sure I want to take on with any meaning volume.  

then the why we do it so we can spend more time with family/kids.. then on and on.. these are tried and true techniques that have been used and taught for years and years. 

Planning to put more then 20% Downpayment .

Those present two very different levels of risk.You should also consider how long ago the offense occurred and what the individual has done since then.

Since then, we've been using it solely as our primary residence.

Then set up a partnership with them.

Then I will rent out the entire house the next year.Could you please recommend someone I can contact to get an insurance quote? 

My savings are falling short after my home purchase so I need alternatives that can be implemented right away (ie I don’t want to wait 5+ years to have sufficient savings to only then invest in rental).Any feedback is welcomed. thanks 

Then how many of those do you think actually deliver?