Are you committed to SE Wisconsin or will you look at other areas? 

Kudos to you for committing to writing a blog post a day almost two years ago!  

Committed 100%, Honest, Loyal and Coachable.Let’s connect!

*we added my college roommate and best friend who has committed to investing 1.2 million after seeing Ryan and I work this market for a year and saw potential in both our LLC and the area we are investing in. 

The "back" or "bottom" ratio includes housing costs as will as all other monthly debt. quitclaim deedA deed that transfers without warranty whatever interest or title a grantor may have at the time the conveyance is made.rate lockA commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.real estate agentA person licensed to negotiate and transact the sale of real estate.Real Estate Settlement Procedures Act (RESPA)A consumer protection law that requires lenders to give borrowers advance notice of closing costs.real propertyLand and appurtenances, including anything of a permanent nature such as structures, trees, minerals, and the interest, benefits, and inherent rights thereof.Realtor�A real estate agent, broker or an associate who holds active membership in a local real estate board that is affiliated with the National Association of Realtors.recorderThe public official who keeps records of transactions that affect real property in the area.

I would suggest screening all the existing tenants before you commit, if you can, if not get the PM to do that.

Maybe he committed the crime 20 years ago and is now reformed.

As long as you can manage right, you keep pressure on them and treat them right then it all works out just fine.As I'm about to get into long term rentals (I'm putting my first offer on 4 family tomorrow) my biggest fear is to have to be committed to go to my rental property at 12am and have to fix broken sink or clogged toilet.... 

Even with a 21 day contingency, you likely won't have a commitment to close from the lender in time.

Is a one year commitment and/or $1,000 early termination fee that OP spoke of normal?