If it’s tied directly to the lender as part of your mortgage agreement, you’d probably need to negotiate with them or refinance with a different lender who doesn’t require that restriction.However, if the restriction is part of the property deed itself and was placed by a previous owner or another party, it can be more complicated.

The seller was not getting much traction from the other interested parties.

Based on your description, Party 1 seems like the safer choice.

I know I am late to the party, but I just signed up for DealMachine to do some D4D.

Blood gets thick and the worst part is 10 years later there are new voices in their ears, telling them all kind of crap and filling it with all kinds of ideas. 

Third-party referrals work since few people do any due diligence. 

Negotiation tip #47, make it as simple as possible for the other party to accept your terms.

@Spencer Cornelia can't believe i missed this part. i was actually browsing youtube and came across your channel, small world!

Lots of people rent houses for parties as well, and you won’t be able to do anything about it.  

Screening and Gaurantors are important, you might want to look at majors for some more serious ones that don't have time to party.