And I have issued Steve an official warning notice.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

After 4 1/2 years in the Army, I’m now a student at ACI Learning, working on my CompTIA A+, Security+, and Network+ certifications.

Here is there email to me: "With regard to your previous email, the closing attorney or title company is not responsible for securing or holding back the lender's private mortgage insurance to close any deal.

It's quite common and beneficial to the builder to sell homes before they are officially completed.

Has any of you had any success securing this loan?

So, you definitely want to require a security deposit from them.Lastly, the $1250 in rent wired above is probably misleading.

If, however, you think it will be a few years, you are likely off securing a HELOC which will result in a longer term and lower payment. 

However, likely would be paying the tax on 15.3%Maybe not a big issue if you already have a W-2 job where you are already above the social security base as you wouldn't be responsible for paying the social security portion.Best of luck.

You don't want to be unable to complete a transaction because the investor-buyer wasn't able to secure financing.