The important part is ensuring you have the ability to refinance when a balloon comes due.

Have they ever been counsel to a party who was sued and lost everything personally due to real estate ?

This means that the seller will defend and protect buyer against right claims of third parties to the property (warranty of title) and no liens or encumbrances in the property (warranty against liens and other encumbrances) exists except on the items listed in the deed.

My approach is two fold:- Gently keep in mind and remind clients there are two parties and perspectives involved.- Address buyer's concerns with reputable local professional and expert evaluations and written estimates.For example if the deck needs to be repaired or replaced, during the contingency period I'll attempt to have at least 1-2 licensed contractors provide written estimates.

Quote from @Matthew Mueller: I don't know the law in your state, but in my state a copy of every document should be made available to anyone party to the transaction.I would demand a copy.

A provision of a lease that purports to waive a right or exempt a party from a liability or duty under this section is void.

If more than one adult is in their part, I don't start screening until every adult has a complete application.

Everything should be in writing, down to the type and name of the kitchen cabinet handles, the tile name/brand/color, the texture of drywall,....everything that will be a part of this project must be in writing attached to the contract and signed by both parties.

Quote from @Andre Hammond: We used doorloop. pros: nice site and set up, easy for you to use to screen tenants.Downside: if your tenants nsf you eat the bill especially if they aren’t making the payment next month.They use a 3rd party for payments so if you get disputes against you.

No, you cannot use your VA eligibility to bid on a home at a foreclosure sale in New York.Once the sale has occurred, if the property reverts back to the lender (Meaning it didn't' sell to a 3rd party), then yes, you can use your VA eligibility to purchase, if the seller (Bank/servicer/credit union, etc.) accepts your offer, and, if the property meets VA requirements (Section 1, etc.).I sell the REO my bank takes back and I don't like VA because they try to stick me with fees and try to make me do repairs that we just aren't going to do.