There is no promise rates will fall at any time ahead, that's a gamble and the three points then wasted money.

Were I a gambling man, and could find somebody to take me up, I'd bet on another extension.I doubt I could find anybody to bet the other way though, so it's probably just as well I'm not a gambling man.

Don't get me wrong; there are plenty of issues/problems/quirks that old houses have that new houses don't, and an old house can obviously have hidden problems and big repair/maintenance bills too...but, the point is: a brand new house is not a foolproof solution to repairs/maintenance (and in some cases, a brand new house can be a much bigger gamble than an older house).This is a particularly important lesson for inexperienced investors, who tend to be the most prone to "shiny object syndrome" (the tendency to let nice aesthetics distract from real, underlying issues).

I would not gamble on that unless you have done this many times & know the potential risks. 

- Listing price to buy: ~$700k a few months ago- Rent: $3.4k- Master lease up to 2yr- $10k initial nonrefundable deposit towards down payment- 15% of rent will go towards down payment - First month, security deposit, and $10k due = $16.8k In my opinion you are gambling in a market that is trending down.

Quote from @Chris Seveney: @Angel Perezhttps://www.wlwt.com/amp/article/two-cincinnati-men-sentenced-in-nationwide-foreclosure-rescue-scam/42125327In some states like maryland approaching a borrower in pre foreclosure is regulatedhttps://www.dllr.state.md.us/license/mrec/mrecshortsales.shtml From the article:The defendants preyed on homeowners who had defaulted on their mortgages and convinced the victims to pay to take part in fraudulent programs on the promise it would save their homes, documents said.This is not what I am talking about doing at all.

The hard money lender calculated using the fraudulent numbers.

We're looking for a way of having tenants deposit rent that doesn't cost anything, or costs very little, and that only would allow a deposit in a form that cannot bounce, be clawed back, be fraudulent. 

So now she wants me to take him off the lease.I think this is fraudulent because I believe he intends to continue living there.  

Bankruptcy law says that equity could be later be deemed a fraudulent conveyance if the previous owner were to file bankruptcy in the future.