The gators continue to prove to be predators.

The terms and conditions of this lease will continue to apply.”My point is that the Notices section directly above it states: “NOTICES: Any notice which either party may or is required to give, may be given by mailing the same, by certified mail, to Tenant at the premises, or to Owner at the address shown in Section 2.

Whether you're looking to continue generating income or upgrade to meet market rents, this well-maintained property offers both flexibility and value.

"We are sorry that we cannot continue this insurnace therefore your policy will not be renewed...Material increase in hazard as evidenced by the fact that the residence is not owner occupied as required by our policy".

The location is great on this property (2 miles to the Island / 5 mile to Dollywood), no HOA and sq ft ~ 335 (2bd / 2.5 ba) but getting very nervous as will be first deal and would love some input here or mentor input as continue down the path of investing and learning. 

As you continue to live there, new things will come up. 

Flat fee, percentage, maximum amount, how many months can the late fee continue to be applied, etc.Thanks in advance!

Still learning a lot as we continue to grow and improve. 

Don't continually harass them with phone calls or emails.

Also to answer your question, I would not back out of the deal because of this or some other minor issue that can be easily fixed, it seems like you have all the financials thought and planned out, continue with it if possible and don't lose it because of that.