Make sure they give you a specific duration in months. 

I found the deal, created the rehab budget and profit analysis, negotiated the acquisition, then provided and managed the rehab crew and sub contractors for the duration of the project.

Despite those issues, the lender required us to carry both builder’s risk and general liability policies for the duration of the loan, which ended up being nine-months.  

Repeat the process for the duration of ownership.

What about a duration?

We use a dedicated real estate attorney and all funds are kept in escrow for the duration of the job.

OP may not have that same employment prospects and could have to manage his expenses more conservatively than someone who has long duration contract employment.

Thankfully, I was just leaving for a deployment where I would be getting full-time pay for the duration.

The Mortgagee must obtain a lease agreement of at least one year’s duration after the Mortgage is closed and evidence of the payment of the security deposit or first month’s rent.This is essentially stating that if you need that rental income you must be moving more than 100 miles away and have an executed lease. 

In fact, the due diligence clause should be kind of vague, except for the duration.