If so they may have a real estate license or they may work with an agent that relies on repeat business rather than a one-off purchase. 

Typically to grow a real estate business and raise money you are better off partnering with someone.

You need to get in touch with a lawyer as soon as you can and figure out how to cut off the tenant/landlord relationship.

Which brings me to another question; the agreement states that the homebuyer/occupant will retain home owners insurance on the property and list the lender as loss payee or first lien holder on the insurance for the life of the loan and yes I know it's in the agreement that was signed but I am wondering if by law it's even required once it used to be 20% but now it's 10% of the loan has been paid off, even big traditional mortgage lenders will remove PMI costs after 10% has been paid off.

The investment in the plane ticket and hotel can pay off huge when you are able to find and focus in on a specific area. 

We are actively managing two fund offerings, one focusing on real property (REO and off market properties), the other focusing on Pre-REO (vacant first mortgages).

I think your better off with points and lower interest rate 

Not a big sub to fan and definitley not a fan of people trying to wholesale deals off of the MLS.

If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

That loan is being paid off by someone who checks the box on the conventional loan application that they will be occupying the property.