. - Expect rehab costs to exceed initial estimates (maybe double)!

Personally I think it should be a legal requirement for the reasons detailed above, showing comprehension for the legal contract there entering by proving consideration and thought has been made for potential exit and dissolution of said contract. 

Run an estimate for $175k refinance cash out on a 30 year and you may still be able to make 250 cash flow and have 100k to reinvest to buy more real estate.

Please provide your email, can give you some more details.

Most have never done a single deal, have no money to close on the property if needed and have no clue how to estimate fair market value or ARV or sell a property.  

PM me for details.

However, there are a few important details to consider.

This allows you to make an offer without a HI contingency which is much more competitive than one with the contingency since you are buying the property as is.You can still get the home inspection after you settle to capture all of the detail items.

Make sure to include all these details in your lease agreements and tenant handbooks.Good luck with your new property!

Feel free to reach out for details