The way I interpret the following policy clause is that so long as the property is defined
as other than "VACANT" which is the case when the property is being
"constructed, altered or repaired", the 30-day time ...

You’ll need to submit an application to the Community Development Department, undergo inspections, and comply with tenant notification and eviction rules, including providing a 90-day purchase option and relocation assistance.

As Jay mentioned they must be NMLS licensed if owner occupant of in several states even commercial needs licensing.The NMLS is like the database, each state has a division of banking that oversees lending requirements then you also on the federal level have CFPB as well as consumer protection laws.I want to add that I believe yesterday the CFPB is undergoing changes, but if it goes away that does not mean that many of the laws in place especially consumer protection laws would go away. 

Harlem is undergoing a significant transformation, and properties like this one, which offer both historical significance and modern amenities, are in high demand.

Local Investment StrategiesHouse Hacking: Given the affordable entry prices, Albuquerque can be a great place to start house hacking, especially near the university areas.BRRRR: For those familiar with the Buy, Rehab, Rent, Refinance, Repeat method, there are opportunities in Albuquerque to purchase under-valued properties, especially in areas undergoing gentrification.Airbnb/Short Term Rentals: As previously mentioned, the city's rich cultural appeal can make certain properties lucrative for short-term rentals.

Should I require all four individuals to submit rental applications and undergo background checks?

IE **UNDER NEW OWNERSHIP WILL BE UNDERGOING IMPROVEMENTS AND REDECORATING JULY-AUG 2025**I hope this helps, good luck!

I thought this was simply the right thing to do and did not give a second thought to undergoing this process until after the repairs were completed.

On this forum i am just saying what I am going through with no bias so others don't undergo what me or other like me have gone through.

After undergoing a complete renovation, I sold it in 2018.