@Jon Ree I suppose besides getting that first payment earlier, and helping your credit by repaying the LOC, I believe the other "advantage" is that you then have those funds available for any other unforeseen emergency that you may not have enough funds saved for yet, like to replace broken furnace or something.

Jeff C.The contract should say the seller is delivering good title.Your title company should be doing a title search to uncover any problemsAnd you should be getting title insurance to cover any unforeseen problems.Different title companies have different views.

You want to underwrite your STR to see their viability when things turn South and already have roadmapped potential alternative paths to take in the case of unforeseen circumstances. 

What are thoughts on building in a home warranty on your purchase to help with unforeseen issues into the first year? 

Now I know I didn't do it all by the numbers like I learned here, there was a little from the heart - the house spoke to me (uh-oh, I know) - but there will be enough margin that even if I blow it all, due to unforeseen costs (and I don't see that happening), worse case scenario, I break even and learn a lot! 

In the unforeseen circumstance I'm unable to close, I would just reimburse the application fee. 

I suggest putting the minimal amount down so you have cash on hand in case of unforeseen repairs.

I believe McMann has tried hard to meet the target dates in a difficult market to secure funds which led to unforeseen delays.

My goal is to retain as much as possible for as long as possible as to 1. keep an "emergency fund" of sorts in case there are unforeseen expenses that I would not necessarily be able to cover with my police officer pay and 2.

With all this in mind, you can feel pretty decent about this property returning somewhere between high single digit to low teens barring anything extraordinary (market downturn, unforeseen capex, difficult eviction, etc).