Is this required to provide to the title company or is it just a good practice? 

Keep a watch on local trends, rental demand, and property values.Always keep in mind that real estate investment requires perseverance and patience.

It may also require a conversion to a duplex, triplex or even 4-plex.

This property is right next to our farm area and in a highly appreciating area, so Actual Post Construction Market Values in Deal Analysis at bottom will likely be higher than estimates when project is complete.HML Loan Payoff $72,000 + Builder owed $30,000Purchase Price of the two acres of cleared land & small house $93,000Post Construction EMV of Lot/House #1: $379,000 - 1398 sqft single story ranch style @ $220/sqft + small House on 1 acrePost Construction EMV of Lot/House #2: $307,000 - 1398 sqft single story ranch style @ $220/sqft on 1 acreThe builder had said the remaining amount, to complete the first house, he would require would be approximately $185,000.

It requires continuous effort.

Havin more people on a shared hot water take will require a bigger tank and possibly larger gas line. 

Other lenders require 20-25% down. 

This asset class seems to require more touches with management than other classes.  

The zoning is CMX25 which requires a commercial use for a space that spans the first 30 feet of building depth on the ground level. 

But the main purpose behind the seasoning requirement is to give the market time to reflect the change in property values and avoid artificially inflating values on the asset itself.