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. 

Continue your positive thinking and you will find the right deal, get it financed, and then suffer all the fear, anxiety, and sleepless nights we have all gone through LOL.  

If you're planning to move around often, I would probably say continue renting while investing in Huntsville (assuming you really understand the dynamics market).

By taking the equity from one property and reinvesting it into another, you can continue building your real estate empire without constantly injecting fresh capital.Why BRRR Works for Real Estate InvestorsThe BRRR strategy allows investors to grow their portfolios faster because it leverages the property’s equity to fund future deals.

I want to make this work and am so motivated, but I also don’t want to continue to wonder if what I’m doing isn’t legal 100%.

I’m new to the world of real estate investing but excited to continue to learn more!