in a real estate contract subject to financing contingency, can the buyer waive the contingency and claim that the closing date can be postponed indefinitely?

Hey BiggerPockets,I am curious to hear about some of the different ways to structure an investment opportunity for investors on a property that is being held for an indefinite amount of time.

I could own it indefinitely.

Nobody can foresee the future indefinitely, but I can tell you that your pricing is stable for as far forward as I can see, and I have pretty good vision!  

Obviously, you wouldn't buy a property as a true rental hoping for appreciation in the rental market, but in this case that may not be such a bad gamble.The OP needs to buy this property in the hopes that it gives him at least a few of the following excellent options:- To live in the property indefinitely at very low cost with tenants paying the mortgage- To sell the property at a substantial gain after a year (think improving it while living there)- To keep the property as a cash flowing rental after a  year (improve it and/or hope for some market help)I'm NOT saying to bank on the market going up to prop up this purchase decision.

Rent is easily 1200-1300 in Santa Cruz; getting 3600-3900 a month off the house would be no problem when we moved out, and we could do that indefinitely.

I would need to continually find future deals to keep that CF going indefinitely.  

The signed commitments, capital call period, and preferred return, combined together could be a solution for you to provide POF (without having to ask investors for money before a deal is identified), while also assuring your investors their money will not be sitting un-invested for an indefinite period of time.

It was a great opportunity to capture equity and at the time we wanted to keep it indefinitely in our family as a vacation home.

Here is a great article on yield spread premiums from The Mortgage Professor:Yield Spread Premiums PrimerHere is an article on YSP abuse:YSP AbuseProposed reform:Proposed YSP ReformAnd a great article on picking a rate/point optimal combination:Rate/Point CombinationI like to get par on my loans in trade for higher fees because most of the property I buy I intend to hold indefinitely.