It's usually good practice to have this signed by the seller anyway as it can always come in handy at later times.  

You can also secure a first home loan against the new purchase and a second against the current rental as a simultaneous closing for a higher LTV. 

But from the procedures his firm utilizes as per his post, it seems that he provides a reasonably well thought out and “best practices” framework to enhance the success of the subject to transactions he handles. 4.

It's widespread practice in the Real Estate Syndications industry to compensate bundlers by selling them their shares at a discount to par.

On paper cap rate looks good and I've heard there's a hot rental market, but not sure about in practice and what quality of tenants we could expect.  

I just wanted to take a few minutes to propose a thought experiment in hopes of sparking a discussion on what the practical strategies to achieving financial success are and what the necessary disciplines one must apply to get there.

Moving forward it is best practice to obtain your own third party estimate for repairs and use that support the repair contingency or price adjustment so that the seller has no influence on the cost estimate or timeline.

My advice is not to hire an attorney but to modify your business practices.

I have a few questions about tenant screening.1) Do we screen all the applications simultaneously or screen one application after another based on first come, first served?

I did my first 10 with a hospital system, and worked my way into a private practice the past 3 years.