These things happen all the time, and this is why professional contractors pay big money for safety training, third party consulting, and compliance to avoid getting such fines.  

Look at notecollection.com; this will also help the tenant buyer get a mortgage with a third-party verification of payment of rent on time2.

The buyer would potentially provide a down payment (agreed by both parties) and then the seller will hold a promissory note for the difference between the sales price of the property and the down payment provided by the buyer.In essence, the seller then becomes the bank/lender and then must follow all of the same laws that lenders must follow in the event of a default and formal foreclosure proceedings must occur.In regards to the renting of the property.

@Ben Ballinger, my area is also 3 days to update the MLS, once the offer has been officially accepted, meaning all parties have signed the same document.Verbal acceptance is not officially accepted, and therefore the MLS doesn't need to be updated at that time. 

Third unit delivered vacantMortgage, Insurance, Taxes: $2850 (4.25% rate on conventional 30 year)Down Payment: $150k (Was considering FHA, but since the property price tag is quite high, the monthly MI premiums would have been killer)Rental Income: $26,400Based on these numbers, is this a viable option for me?

how can one go about buying a second home, third home, and so on.  

We have third party property managers that do an excellent job for us.

My favorite part is finding a way to structure a deal to get it down.

it is a 3 bed 1 bath w/ unfinished basement 2.5 car garage.I want to rent out the remianing two rooms and live in the third one.

And in some cases even furnishing the home with day beds and bunk beds and small minimal apartment furnishings with less square footage in the common areas... to discourage any type of large parties and get-togethers.