Key is to have reserves. 

I'm furious at this point, not only for the financial loss but also for hours upon hours of wasted time and running in circles.So here is the entire point of my post and ultimately my question; In clear language on our executed contract, I have included "X LLC reserves the right to file an affidavit of memorandum on the property."

Create a savings plan for down payment, closing costs, and reserves.

They will have a Jumbo product with 10% down with no reserve requirement up to $2,000,000

What is my exit strategy if things don't go according to plan; also, do I have enough reserves to weather some storms with this property3.

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund.

TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Maintenance does not require owner's approval - RL reserves decision what to do when, cheaper plans have higher limits and all are at RL's discretion * Refuses to manage in many parts of townLonger versionSigned up for their service after a few conversations over the phone - owner stressed investor-friendly approach.

It's a job, not an investment.Real wealth is built by holding property for a long time.If you save $6,000 a month, that's over $60,000 available to invest in one year, with a little held in reserve for emergency maintenance issues.

We plan to open reservations now for next summer (2025) and want to avoid the mid-week vacancies.  

While the cash allocation is somewhat high, it serves as a reserve for our rental properties and future real estate investments, held in a high-yield savings account.