If you haven’t given him the $5000 you don’t have an agreement for an extension anyway.

Truthfully the only reason I was smart enough to think this far ahead and creatively is because I did an extensive amount of research on the different potential options I could take.

We're buy and hold investors and will purchase in any market if the deal is financially sound, the rehab isn't too extensive, and the cash flow is immediate and significant. 

I’ve written her an extensive text message and had a visa gift card i Usually give tenants.

The rehab is not to extensive so 6 weeks tops.

Yup completely agree that vacation rentals are the way to go especially for folks who travel extensively, furthermore being asset-light makes it all the more appealing!

I requested an extension for the inspection and appraisal contingency due to a slow appraisal and contractor bids.

Would love to leverage it all for 25% down on multiple deals, but since we don't have very extensive real estate investing experience, thought it might be best to start with one property and refinance to have funding for the second property a year after the first. 

Hopefully the Seller is willing to work with you, and you can make a deal similar to that...also I would make sure I put a 180 days until close in the contract plus 2 - 90 day extensions. 

If we don't close Monday, we'll have to pay for an extension for a rate lock.An issue has arisen with the sq. ft.- the realtor (who represents both buyer and seller here), listed the home at over 15% above the actual square footage.