That's what I did with my first 4plex here, but I only had $12K!

Especially on a home where there is negative equity of the deal?

That would negate redemption rights if so.

Also know that the tenant can respond by moving out.Personally I only do yearly leases as where operate there is a definite "moving" season.

I heard a Biggerpockets podcast where this seasoned real estate investor shared some negation tactics and he said if you want to know if your negotiation skills are good, go to a bar and convince someone to buy you a beer...

The reason I ask is I was thinking about doing this as well but wasn't sure if I could get my license if I only used it to flip a few houses a year and of course take advantage of MLS. 

Do i only need to obtain the bond for the value of the work?

I'm sure I'll get some negative comments from folks about this, but negotiating is a game and you have to treat it that way. 

Folks that think they are going to "just do" some niche don't seem to get it, like saying I only want to know how to drive a subcompact car or I only need to know how to boil eggs I'll never put the effort into making anything else.

I'm not sure if anyone who commented on my post got a notification that I replied back as I only now figured out that I have to put an @ sign before someones name in order for them to be notified LOL....