Prior to becoming a licensed agent, I worked in property management and restoration construction.In the latter capacity of construction, I found myself weekly working with parties who would bring me Inspection Contingencies to determine the scope and cost of work necessary to get real estate deals closed.  

And we have to be involved prior to the closing of your sale. 

I have to know as much as I can about any topic prior to "jumping in".  

Prior to your conversation with an investor you need to ask yourself what’s new?

I understand I could transfer them prior to paying them off but would risk triggering a due on sales clause with the lender… slight risk though it may be, my wife and I have decided to transfer when the property is paid off.I hope this is helpful.

For example, your criteria could include a good reference from a prior landlord. 

Also, shouldn't the lender approve the builder as well, prior to appove the loan to a borrower?

A lot of my clients come up with 25% down by pulling off a HELOC from prior projects.

Review all of the closing documents at least 3 days prior to closing.

But that is because it was your primary residence for those two years prior.