There is a million ways to find LO deals.

Jack and Jill homeowner never carry or take a LO, but it anchors my cash/financed price.The other one I like is 'what if'.  

They have a large option deposit (skin in the game) which makes them very motivated to pay rent on time and maintain the property because as you said neglecting either of those components of the LO agreement would jeopardize their tenancy and their non-refundable option deposit or consideration (NROD or NROC).

The company is headquartered in Tustin in Orange County CA.Your experience will depend on your loan officer as each LO operates independently almost like their own business.

So you will have around $40K that you can get as cash out (more or less depending on how you structure it, high or low closing costs, etc) for down payment on the new property.  15yr vs 30yr term just depends on your preference and cash flow.Just make sure you are working with a rockstar lender/LO that understands investors, won't screw up a simultaneous transaction, and is looking out for your best interests and helping you see a few moves ahead so you don't make a misstep or get stuck.Hope that helps! 

You need to first contact an attorney...L/O's exceeding exceeding 180 days in Texas place a tremendous burden on the Seller and the penalties for failing to comply with those requirements are severe.

Start with your own bank where you do banking, you will be able to meet both LO's.

@Dave Houser I have experience preparing L/O's for my own properties, as well as preparing them for buyers-renters/sellers-landlords.

6) Should we have the GC, Consultant, LO and/or inspector with us when we walk-through potential properties?

Don't be worried about being approved in 30 minutes, sometimes I was able to do it in 15-20 just depending on the profile. if they approved your and you like the rate then no need to worry. the process can be very good and fast ,or very stressful if your LO has not set the proper expectations upfront.let me know if you have any further questions