I found this out on my house hack and it was a surprise to me and the lender alike!

People often miss a bunch of unexpected costs!

@Juan M Restrepo If your company's 401k has loan provision (yes, surprisingly not all 401k allows borrowing) you should be able to borrow it for your PR purchase. 

They could be under capitalized in the reserves which becomes a big surprise for your down the road. 

They usually will tell you and be surprised how simple and cheaply you might be able to do to give them that.

I have followed the latter immensely as I work for a nonprofit focused on clean water preservation worldwide and it would not surprise me if Michigan was shipping billions of dollars of water to Arizona in the next few years. 

That surprised me so I researched further and came across this =>> https://www.fanniemae.com/content/guide/servicing/d1/4.1/02.html  So, does that (LO's suggestion + this allowable exemption) mean that some lenders see quitclaim to LLC a legit thing to do now? 

Don't assign work to your paying guests.Just let them know when trash day is in your house manual so they shouldn't be surprised to see trash bags in the can prior to trash day.

Sometimes in life everything goes smoothly and sometimes the unexpected happens and life doesn't goes your way.The important thing,knowing how to turn problems into opportunity

Good 'ol 1% rule and a heck of a nice surprise to me!