Seller number two walks away with all their cash, and seller 1 who already agreed to SF has now become a PML without the challenge of negotiating each deal with them.

All valid points that help me rule out HML.

He holds them in trust and cannot take ownership of them until a future event has occurred: A charge related to the tenants' leases for breach or excessive wear and tear, etc.No credit, no physical transfer, no closing.

In all reality I’m not sure I got any more value , because the buyers just could not wrap their head around the fact that they were there and would save money.

Ditto to all of the above.  85% is very doable with a strong credit score, strong dscr, but yes, the rate is going to be higher because of the higher leverage.

Quote from @Kurtis Carriere: I Am currently in the finishing stages of building my own house in Ontario, Canada and looking to sell and relocate to texas (likely DFW area)i have done 90% of the work on this project by myself so im confident in my ability to do any and all repairs on the property. 

Quote from @Trace Adams: Hi all! 

Hi All,I own one town home rental and am looking for another.

First of all I said Im negative on most, not all.

We take 20% as our management fee.