This should outline the basic conditions in which you will be willing to purchase the property.

Please check my math.From what I see (and using no other income) if he buys the house using the scenario outlined, then rent needs to be $3244.81/month or more.

Our rental agreement outlines who is allowed to live there, how long a guest can stay there, and what the process is to add new occupants.

I'm working the second draft of my business plan, as I didn't like the first one, and would like feedback from the group here on the goals, the conceptual framework, and the content proposed in the outline.

EI or PA, buyers and sellers could be settling stuff outside of escrow without leaving the proper paper and audit trail.As mentioned earlier, since EIs supersede a PA here, it's what's outlined in the EIs, including all amendments and changes, that informs the escrow agent.

Your scenario is outlining the upside.

The number one mistake is not having the reserves to last until your first closing and then outlining a plan to not only survive but flourish in the career.

The back taxes would be handled basically as Ron Climer outlined, but you DO want to pro-rate the taxes for the current tax year, so you decrease the net to seller.

I'm also going to email her the letter so she receives it quickly, along with a small guide on simply home maintenance that I found online which outlines what to do in case of emergencies, etc..

.- NO contracts outlining terms of the carry back have been signed or agreed to. - Escrow and govt. offices are closed so I don't believe anything could have gotten started yet in that regard.My thinking is that I shouldn't be liable for broker commission at this point if I send a document stating I no longer wish to proceed.