@Justin Harper, if there is an HOA, or restrictive covenant, preventing renting the property, then you could run into issues. 

If so, does that prevent me from declining to renew a month to month lease? 

The goal is to minimize unnecessary transfer costs while providing a great property to the final owner.

Posting a general comment for anyone following this post with a bit of information I have learned:By utilizing an SBA backed loan product you prevent yourself from setting amortization terms for seller financing for anything less than what the SBA offers.

Every part is a potential source of failure, so removing unnecessary or complex parts increasing reliability. 

For some landlords, I think that’s hilarious and they’re getting exactly what they deserve but for many it’s really unfair and unnecessary.

A half bath was added to the main by taking out an unnecessary side door and using the hallway. 

Hey BP Community!
Looking for your tips and recommendations
Goal was to refinance a rental property in Baltimore City, MD this Friday. 2 Year lease in place.
30 year fixed at 80% LTV was ready to go.
Monday, I r...

An eviction could prevent the tenant from ever getting quality housing in my market (we accept no one who has ever been evicted).  

While having a signed lease wouldn't have prevented this, it may be good practice in the future to get all documentation signed before move-in and ensure that the prospective tenants are familiar with all of your rules.