However when I ran the contract past my attorney, he was concerned about the high $ for a non-refundable earnest and no allowable contingency for inspection. 

Hello everyone,
I’ve decided to start investing in Rochester, New York. Although I’m a foreign resident, I am a US citizen. My primary focus is on fix and flip transactions, but I’m also open to buy and hold strategi...

I am concern about losing the home and not being able to pay off this loan because I cant get the information.  

In my financial statement to the tenant concerning the deposit I itemized all the deductions. 

That would be one major concern for me if I were in your shoes looking to make this decision. 

For most property owners adding a single ADU to a single-family home (or even adding two ADUs to a duplex), the impact on financing options is minimal, and the benefits of additional rental income outweigh these concerns.10.

If there are any concerns with the property that are suspected to be causing a safety issue or potential damage to the property you can enter without notice.

You are looking for a practical advice now to CYA.You fear you mean need some evidence of your timely and correct actions, and that’s a reasonable concern: I’d take a photo of the envelope to make sure it shows the address and the post office stamp.

It is recommended that a competent attorney be consulted in any case where legal questions or concerns arise.

Hi @Abdi Muya - Thanks for posting the concern here!