-Interest rate of 5% is much lower than market interest rates. 7-8%+-There are no capex reserve considerations included. 5% is a starting point.

Naturally, they are your competition and the daily rates need to be taken into account.

You can ask (if it's not obvious) what the nature of the disability is and what task(s) the dog has been trained to perform.

Prioritize properties with rental potential, plan for reserves and tenant strategies, and stay patient as you network and learn.

Today’s buyers want spaces that flow naturally and maintain functionality.

I'd really like to see something legal in nature that supports the deal failure, however I'm not sure exactly what to ask for. 

If they pay late now as is, let's say they lose a job or have a temporary loss of income, you're kind of SOL.I would look to build reserves between now and August.

@Roman Balmakov If you are planning on holding the property long term and have enough reserves to cover even worst case scenarios it could still be worth it. 

Please keep in mind investors, not every deal that you place under contract will close - that's just the nature of the beast when it comes to investing. 

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.