It’s $50 and super simple.

The standard to apply is quite simple: Did you accurately disclose the character of the down payment funds to the lender in the loan application?

For this particular property, I went to see it today and the conversion appears to be a rather simple project of moving a door.

That could be something simple such as adjusting the amount of late fees or something more involved.

Hello, my situation is simple but the agent made complex.

Research high-rental areas, plan for repairs, and consider simple upgrades.

This will potentially allow me to pay no tax on the capital gain as I will be in a low enough tax bracket to pay 0 capital gain.Bottom line is they are very convenient, and simple but more restrictive and higher fees, resulting in a sub-optimal IRR.  

Fee simple purchase?

The answer is very simple: if it was that easy, everyone would do it. 

If you get the conventional mortgage and it records as a first lien that’s simple every day deal.