They assured me on the phone that if the purchase did not happen I would get the deposit back as long as the appraisal was not done.Here is what the deposit agreement says:The deposit agreement says it is a good faith deposit.

Get it and I assure you you'll go back to it often even with all the other great real estate books out there you will definitely come to lean on that one!

You could always hire a pool guy at their expense as well (raise the rent $50 or whatever the pool guy costs) so that they can still use it and you have assurance that it is being well taken care of.

I called when I didn't receive any response after 30 days and was assured a call back. 2 more weeks lapsed nothing.

Encourage each other and assure one another that you are in it for the long game, not so that you can brag to your friends that you are investors.

Not having any prior credible experience, what are some pointers to keep in mind in order to assure the end buyer and original home owner are protected?

After assuring them the rates would be valid for a year if they made all payments on time they were all fine with it.

You will even sign a disclosure assuring you will not owner occupy the property.

I looked at several multifamily coaching programs before choosing Jake & Gino I assure you they are the real deal.  

Tenants want free water, utilities, rent, and now you may also be subject to provide the building with free Internet.If it was such a deal and a steal; I assure you someone or some company with larger pockets would had bought it already.