@Charlene Stovin, BiggerPockets has worked with attorneys in each state to craft comprehensive documents that conform to each state's laws.If you're scared to death and have anxiety, you need a SOLID lease to protect your assets, not something you downloaded from the internet.

The single income households that I have are not service based employees, so I think that makes a huge difference. 

You can also expect the buyer to sue you for specific performance (court order to complete the sale) along with any damages like alternative housing, storage of his household goods, additional moving costs, etc.Unless there's something you're not telling us, it sounds like the broker did his job and got you an offer you accepted. 

Get to know your towns master/comprehensive plan and when you make your pitch include some word from that.

Wealth Effects will Impact Top End of the Market: Some shift in the market is expected as households become less wealthy, which will reduce demand for real estate.

@Joshua Myers apparently reading comprehension is not your thing, but I'll try one more time for anyone else who might enjoy exploring new ideas as much as dopamine rage hits:I think active trading is for fools and professionals.

Honestly, if its a real nice place nobody wants a household hogging all the parking spots and the place looking like it has non-stop visitors.

i recently got Permanent residency in Canada and my household income is 166k CAD (mine 85k CAD and spouse 81k CAD per annul).

I would first suggest you review the zoning and comprehensive plan for the municipality to determine what is allowable and what they desire. 

Well, I was starting a thread on this stuff, like a comprehensive resource sort of thing, and just before I posted it thought to maybe check to see if there already was one.