It is reasonable that basing everything on the existing "lease" that will automatically go into effect based on a daily proration (I.E.

They also turn the last 7 or so miles of the road into a snowtouring road (no cars) from Nov-June.

Well Chris M. guess with the non-commercial, My gripe is that I would expect to get a lower down payment, but when they classify my property as commercial, that seems to automatically require 20-25% down.Julie Marquez that is good information to think about and I will certainly ask the question next week, if for no other reason than to present as an knowledgable investor.

I also listen to the podcasts while driving in the car.

It is a 3 bedroom, 1 bathroom, 1 car detached garage bungalow with a fenced-in back yard.

deals are like street cars there is one on every corner... you are now wiser as well.. you now know if you want something just because they gave you a few days to respond .. sign the contract ASAP... you always have your due diligence to get out no big risk in signing the counter offer to purchase unless there is no contingencies and your putting up some substantial EM like 20 to 50k or so..

After 5 days, it is an automatic 5% late charge. 

I was thinking from a legal perspective I would need to perform an OFAC check which is automatically done through my background check system(https://www.tenantbackgroundsearch.com).

@Jason Mauldin As someone who has been fined for painting a cars in my parents' garage in high school, I can tell you this is not something you want to get involved in. 

Then, it's a closer look at credit to justify the lack of an adequate cash flow.I once had an applicant, rather rough looking, that had about 20 beer cans in the back of the car.