Verify that these match the promotional materials and agreements.Completion Timelines and Delays: Understand the projected completion date and any potential factors that could cause delays. 

Can you talk about delayed gratification?!

What the contract does is lock in your rights as a buyer but delays closing until some future time, possibly years or even decades. 

You can obtain this from Home Depot for a minimal cost.

Everyone knows the 3% or 4% balance transfer fee, but compare the fee to the interest you will pay over the same period with a traditional loan.If you have $10k in debt at an 8% interest rate with a traditional loan versus $10k of credit card debt with a 4% fee and keep both for a year (making minimal payments), you will pay less interest with the credit card.

Have you been dealing with any water leaks, drain issues, or delayed repairs?

In the worst-case scenario, I might have to deal with negative cash flow and stay in the property longer than planned, delaying my second investment until I find a good solution.

Sorry for the delayed response.

Alternatively, you could move straight into a longer term program that will essentially structure the deal as a "delayed purchase" and underwrite in place DSCR/occupancy.

The property was acquired for $200,000, with a minimal renovation budget of $5,000, and a promising resale value of $251,000.