The big stipulation for me is that the contractor (who I am partnering with) has agreed to complete the renovation within 30 days (property is already fully gutted).

It is virtually impossible to find everything you want in a property, and I find that sometimes we (analytical investors) can paralyze ourselves if we try to put too many stipulations on what we need in an investment property.  

**Technically you must live in a USDA loan property for 1 year from day of closing**FHA loan program doesn't stipulate that you must own no other home, but you should check with your lender to make sure they don't require it (some do).

He stipulates up front that if the buyer wants to wait for a better offer, we understand - our offers tend to expire quickly, but several times the listing agent has called us back a few months later and asked us if we're still interested in making an offer.  

From what I have read so far, the Certificate of Eligibility may not stipulate the secondary layer of entitlement. 

It's an interesting market b/c further south houses are 2-3 times that and only rent for an extra 100-200/month.The cost for us is only 1/2 of first month and we have stipulation in lease that they lose first 250, normally that will cover but sounds like i should take that into more consideration.Have not had to do evictions yet (1 property 10 years, and 3 others for around 1 year), do you factor that into your costs as well?

The lender was B2R finance (side note: don't ever use them) and one of the stipulations was that I had 2 years of landlord experience.

This binder has stipulations attached and will go towards the down payment at closing, but if it doesn't close the Owner could be granted the money.3B.

The stipulation is I have a larger tolerance for risk but if you don't then maybe it is better to get the LLC formed first and then go out and find a lender who will lend to the LLC (there are many) and then go from there.

I offered a bit more with the stipulation I was putting down 50k.