This sounds like a nightmare waiting to unfold and not because of how you phrased the question.

Thanks for sharing I look forward to hearing more as things unfold!

Hey Everyone, As the story often unfolds, I have been in residential real estate for about 5 years and am making the transition into commercial.

It will be interesting to watch this strategy unfold.

Or it could be just how the situation unfolded in that particular situation.

In hindsight, having lived through the collapse, I'd say we (the US) dodged a potentially lethal bullet. https://projects.propublica.org/bailout/listThe current Farm bailouts are just unfolding, with last year's $12 billion bailout and today's \announced $15 billion additional bailout that are reimbursing farmers who were harmed financially by the administration trade policies.

Here is the process that typically unfolds in the transactions I am involved in once the offer has been accepted.Contract becomes fully executed (both sides sign)Send fully executed contract to the lender and lawyer so they can start to do their thingschedule the home inspectionCoordinate getting the earnest money deposit to the sellers brokerage within 48 hours of fully executed contractRequest any lease docs and income/expense docs from the sellersHave the inspection on the property and once completed and reviewed negotiate any repair and or credit requests with the sellersClear up any quesitons stemming from the lease docs seller providedBuyer works with lender in order to submit docs, schedule appraisal, and work towards receiving loan commitment letter by the date outlined on the contract.Once commitment is received, tie up any loose ends and wait for the clear to close from the lender.Once clear to close is received and closing date is coordinated from the lawyer, schedule the final walk through with the sellersAt the walkthrough confirm that nothing major with the home has changed since the inspection and confirm any agreed upon repairs were completed in accordance with the receipts you should have already received from the sellers confirming repairs were done by licensed pros where needed.During all of this work with the lawyers to make sure they are getting in writing from the sellers that everything outlined in the lease is actually happening.

I will give it a shot this week and see how it unfolds.

Hope to see you on here as your journey unfolds.

Very curious about how this will unfold.