I closed a loan a year ago that had no monthly payments, just a balloon payment.

I had no idea about this and created an LLC, but have read about this PA exception in several places including posts from people here that know a lot more than I do.

I told him I had no idea what he was talking about and he seemed confused since he said the seller should have brought this up at closing.

This recently happened to my girlfriend:She was living in an apartment for a long time and she had a "friend" that had no place to live so out of the kindness of her heart, let her stay with her without being on the lease. 

Personally, I know of a couple of guys who do this service in town and they have had no issues with vacancies.

I have had no problem renting out my units at higher rents and to better quality residents over the years.

I've purchased multi's where the poor seller had no idea, the agent was bothering to facilitate showings.

I had no idea this would be an issue and only did it to be flexible with my tenants if they were to be affected.

@Jonathan Kimball house hacking works incredibly well here, I've been doing it since I've been here and have had no vacancy and very strong rents.

This month I did a rental screening for a sweet elderly couple who got scammed by a sub-to buyer, (who is also a licensed agent, btw) and had no idea they had even sold the home until now, 9 years later, they are going into foreclosure again.