The benefit of this over FHA is that PMI automatically falls off a 78% (or you can request it at 80%) LTV.

If you are having the tenant sign a new lease then  you should make the increases automatic.

. -85k is automatically calculated in the worse case scenario. 

My lease automatically goes month to month.

@Nilokas Kane most of my "deal funnel" is doelne through automatic notifications and emails.

There should be an area where they state the term of the lease and there should be section right after stating whether it automatically renews.

You can buy a sizeable house for around 30-35k pretty easily, and with section 8 you are automatically getting most of your rent due every month. 

At this point it doesn't seem to make sense to trying an get funded before the specified closing date in a few weeks, so we are looking to not move forward with the purchase.We are being told we can terminate our offer at any time we want, and get our earnest money back due to "not receiving proceeds from sale" or "not qualifying for funding"The way we are reading it is that we need to let the contract automatically terminate on the date specified in the contingency form, and potentially keep trying to sell our house, to get the earnest money back and not be in breach of contract.We want to be sure not to lose our earnest, and do everything according to the contract.Thank you so much!

So Why did you think you could just automatically get 70% of the value on day one ?

HiA small suggestion:Anyway to automaticly (I know I spelled it wrong) follow a discussion that you commented on?