We absolutely love it so far as we are true city people and enjoy having many of these conveniences near us in walking distance and also frequent Hoboken, JC, and Manhattan on a  regular basis. 

great idea, I know in maryland if you are living in the property you can discriminate up to some extent on who you live with (m/f, etc etc).I would just be really selective with the tenants and set the price high as long as you can justify with amenities/features.should be a great way to offset your mortgage in the meantime.I'd look into AirBnb....you get much higher rental rates and the biggest trouble is the maintenance, having to meet guests for keys, going to clean constantly.....but if you literally live upstairs, it should be pretty convenient....love to hear how that goes...

Pretty much all aspects of life have a pro vs con, risk vs reward, convenience vs money and time component to them. 

I'd like to get the document signed electronically because it is so convenient, but I don't know if I'll be able to assign a document that was electronically signed.What should I do?

They don't pay for Prime and they value convenience over saving a few bucks. they are the poorest, but perhaps that is another discussion.  

If someone tells me that they do 10/hr, I would say to myself “how much time and material do i need to spend again if i take this gamble”. heh

You can either have everyone sign in the atty office or you can sign at your convenience.2,3 Atty or you can file the deed of trust with the county clerk.

I'm also a big fan of audiobooks since they are pretty convenient to listen to when you have free time.

They'll help shorten your close date and give you the convenience of an offer that is as good as cash.3) Strengthen your offer in other ways.

If I were a gambling man, I would bet the son already has a record with the courts; and/or multiple unsupported children.