However, if unforeseen circumstances change that plan, you are not held to the year. 

We sent them CAR Form CC (Cancellation of Contract, Release of Deposit and Cancellation of Escrow); CAR Form CVA (Coronavirus Addendum or Amendment); Form NUCC (Notice of Unforeseen Coronavirus Circumstances). 

. : 175 000 USDMonthly nrs:-Rental income : 1750-Condo costs : 700-total tax plus CPA costs: 100 -unforeseen: 50 Net return per month = 900 USD for a 6,17% return per year.

The bigger the rehab the more likely you will run into unforeseen issues. 

They often are backed into a corner due to an unfortunate or unforeseen situation.

I've been in this game 15 years, and I know there are setbacks, unforeseen problems, and turmoil that no book can predict. 

I wanted that in there in the event of any unforeseen possibilities that could occur!

I would actually consult with a LOCAL landlord-tenant attorney and discuss the matter with them, and have that person write this lease for you and this unique circumstance (as opposed to you writing it) to make sure it's legal and you don't run into any unforeseen issues when you get to the 6 month mark and need to move into this property.This isn't something you should navigate on your own, and the few hundred dollars you'd spend on the front end with an attorney could save you many thousands down the road.  

I can guarantee you that, if you hold this property, unforeseen repairs and capital expenditures WILL come up (likely when you least expect them).Best of luck whichever path you choose.

When you purchase a property, there are always unforeseen issues and repairs and when you own the property, you cannot call a landlord to fix them.