It may stave off the inevitable drop, but it won't prevent it.

I have a condo that is under contract. The buyer is now having some issues securing the financing as they are using stated income. I really don't want the deal to fall through so I've been kicking around some ideas ...

What will prevent future rentals from also becoming a nightmare?

The rules are to prevent preditory lending and excessive profit this is an honest deal with a reasonable profit.

If so, do you feel presenting a non-compete contract up front would have prevented it?

Born and raised in Northeastern PA, this condition has prevented me from staying with any single employer for very long, and has led me to believe that the only way to get to where I want to go, or at least the most practical way, is involved with real estate investing.

Is their anything "illegal or shady" that would prevent any title co from doing a double closing?

Starting out, I let a couple tenants string me out for a couple months and when I finally got them out the place needed a full rehab.In the future, living by the adage, an ounce of prevention is worth a pound of cure, really serves the landlord well.

So say it doesn't work and has been sealed with insulation etc. to prevent heat escape.

We even offered to put down a pet security deposit and even use a product called SoftPaws (a high density rubber cap that is applied to cats nails to prevent them from scratching things, perfectly safe and harmless, plus, its better than declawing!)