The insights shared by the Realtors, @Zeke Liston, @Jimmy Lieu, @Nathan Gesner, @Samuel Diouf, @Sam McCormack, @Min Zhang provide a solid foundation for anyone starting out in this industry.From a property management perspective, it's great to see you're considering the long-term rental strategy.

The agreement is contingent upon the buyer securing financing which I was not able to do and have provided a denial letter.The seller is requesting money for damages because the appraisal came in at the purchase price but needed a heat installed in the kitchen which the seller agreed to install (Not in writing).

What does my purchase price and down payment need to look like for the bank to provide financing? 

Most of our mid-term rentals are exclusively listed on Furnished Finder.

It definitely provided me with clarification!  

Holding Costs - My experience with owner financing is that I can buy and sell a property in a month or less since the rehab is minimal and I'm providing the financing.

For example, most real estate deals throw off significant depreciation which can provide a very nice short to medium-term tax shielding benefit.

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

Doesn't sound like any of this has been provided. 

I like them because they may point out information that can disqualify a tenant when that applicant has provided some truthful information.