Both parties have the ability, if push comes to shove, to pay off the debt or refinance, if the other party breaches that trust. 

You should always have a due diligence period that would allow for enough time to complete all 3rd party reports and govt approvals before you have your earnest money go hard. 

If it reverts back to M2M, a 30 day notice is required to terminate the lease from either party to the other.

We leveraged our expertise in property evaluation and market analysis to secure the deal at a favorable price of $93,000, ensuring both parties were satisfied with the terms and conditions.

It serves many benefits for both buyers and sellers and if a law had been passed long ago that all such private transactions were required to be serviced through a thrid party, we would not have as much regulation addressing the issues we have today, specifically, the individual investors under the SAFE Act!

We negotiated directly with the seller, leveraging our experience to agree on a deal that provided both parties with value, ultimately leading to a smooth and profitable transaction.

Can anyone recommend a third party phone/answering service that can field and respond to maintenance requests from tenants?

The good part is that we've got plenty of options.

Hey @Tony Pham - I am a little late to the party, but wanted to make sure I still welcomed you to BiggerPockets and the Chicago real estate community.  

Good deals (great deals) are WORKED - negotiated, bartered, set up creatively, and necessitate understanding the opposite parties motivations, desires, needs, pressures, etc.