But if your neighborhood has lots of garage conversions, then that would lead me to believe you don't need that garage and that it's normal practice to convert the garage.  

My guess is there is a due on sale clause.Now you broker may be speaking from a practical sense, knowing the risks is minuscule (for both issues) so he glosses over them.

The benefit now may seem nice of getting that money, what could you do in the next 6 months to year that will increase your income for a life time and have higher returns, and the ability to grow massively instead of singlehandedly focused on something that would lose you money now and later down the road. 

If they are able to reduce costs because they have the ability to execute in a shorter time period, that is a win for you and them. 

Although technically possible, it is my understanding that the practice is frowned upon. 

Irene, I have only a 10-day window in which I will be in town and have the ability to see and put offers in on a house, that will be mid-october.

If you believe the matter might be covered by your title insurance, submit a claim to the insurer and allow them time to make a coverage decision and take actions before entering into any agreements that might affect the insurer's ability to defend your title. 

Recently closed on a property in Michigan with the seller maintaining the ability to occupy the house after closing.   

We know it could unlock our ability to buy a lot more properties, a lot sooner, and with greater ease, because we could completely avoid the limitations and lending criteria of banks.But we also tend to believe that Seller Financing is rare and hard to find (especially in a competitive Seller’s market), or that it’s difficult to negotiate even if you can find it.That may just be a limiting belief, however.

I am very confident in my ability to have a new qualified tenant for 12/1.