Since you have the deposit money, though, at least you have some buffer.  

You'll have a value buffer and no PMI.  

A realtor noted that in California, the inhabitants have one month of "buffer" for each year they've lived on the premises.

This creates a buffer between the tenant and the owner, allowing you to take time to mull over complaints and requests and decide the best course of action.

@Phillip Rosin Sink - if stainless steel, use a buffer and polishing compound.

I am just glad that I prepared for this..all of my mortgages have a 2 month buffer ..... plus I have 6 month reserves saved.

You hired them to do a job AND give you a buffer between the day-today operations of being a property owner so you can do your best and highest work as a Real Estate investor.Why would you want to give your residents your direct contact information?

They accepted our lower offer which gives us a pretty fat buffer.

If it is as heavily wooded as you say, has a creek, and some natural amenities it might actually be worth more with 3 lots with preserved trees that allow for natural buffers between sites, instead of maxing out lots. 

So, it's just easier to say, sorry, our agreement was to give me a financial buffer in case of cat damage, which could already have been done, so the current lease will stay in place as-is, but, if you want to move, I'll work with you, if you aren't happy here.People who have cats, by the way, nearly always end up with more than one.