It's one thing to say that "a typical tenant would likely stay for X years" and another to say that "on average, across our properties and thousands of leases, we see that tenants stay X years" -- the first one is a bit of an assumption and the second one is a stated fact. 

If you are out of state, who connected you to the contractor and what references did they have?

100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down second home occupancy loan

The house is comfortable renting out to 2 tenants with their own bedrooms and an extra fridge.2) You should wait until after this COVID bust. 30% of mortgages in the United States were laid or in default in April / May.

Owner is a licensed real estate broker in the state of Alabama.

If they claim not to have seen your offer you file a complaint with the local board of realtors and also with the state's real estate commission. 

Yes there are some state specific languages but its rare on how they dictate JV's.

Hi @Joy McQueary - you can find a breakdown of rental rate increases by state online, and here's where to find a list of the hottest multi-family markets.

Quote from @Michell Chase: The signed contract states a deposit was collected, so I would make that part of your purchase agreement.

During this time, this investor stated he was very happy for the support.