As others have mentioned, if the tenant already has furniture they're going to start to factor in the cost to rent a storage unit (if they like their furniture) during the duration of the lease.  

(ARV * 70%) - Estimated Rehab Costs = Maximum Allowable OfferThe idea is that the 30% you are deducting from the ARV will cover...Buyer's Closing Costs to acquire the propertyHolding Costs (PMI, accrued taxes, insurance & utilities) for the duration of the rehab & marketing timeSeller's Closing Costs to sell the rehabbed propertyThe difference between the Sell Price and the total of the costs I just outlined is the potential profit for the deal at the price of the Maximum Allowable Offer.As a wholesaler, you have a duty to your Buyers.  

Hence, I will ask for the option agreement to carry a ten year duration.

Everyone will think the rent holiday is for the duration of this, whatever this is. 

IMHO you can have an income requirement that requires funds equal to the duration of the lease term (which could likely be around $50k or a little more than $4k/month for one year) as part of your policy as long as you apply it consistently.I personally wouldn't use that type of income requirement.

PS: My potential mentor would have me doing business as an affiliate of his company for the duration of the mentorship.

Our lease requires utilities on and in the tenant's name for the duration of the lease and any failure to do so is grounds for termination of the lease and eviction proceedings.

Having gone through several mini-retirements of 6-24 months in duration off of passive income, to me, retirement is about doing whatever you want when you want.

The only 2 requirements NACA has is that you must live in the property for the duration of the loan and the property has to be under a certain price but the amounts are actually quite high.

The interest rate is 5% to 10 %, the maximum loan duration is 1-15 years for $500,000.00 credit offer and 1-25 years for $500,000,000.00.As a private money lender, all decisions are made in-house allowing us to work quickly and decisively on your behalf offering fewer hassles and a faster turnaround.