I recently bought my first BRRRR and am trying to figure out what I should do next as I feel like I am a bit in a bind.

The application is not a binding legal document. 

Regarding there being NO EMD- If you sent me a contract and did not put up EMD then as far as I"m concerned, we do not have a binding contract. 

A nice fat margin can get very thin, very quickly if anything goes sideways. 

This isn't necessarily a unique experience.Our lease terms clearly state that the agreement is not binding until we have three things: verifiable funds for the first month's rent, deposit AND a signed lease.

You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

If a rental/lease contract is a legally binding document...enforced by collecting rent...or enforced by an eviction process if rent is not paid....then can there not be a document (legally binding) for a tenant to sign that would relinquish their rights as a squatter or due process of eviction...

We're in a similar bind, and are beginning to look for lines of credit from lenders well versed in real estate lending.

I am the member of a single member LLC, where the LLC is on the title of a rental property, and trying to determine if it is exempt from AB1482, since the LLC does not have a corporation as a member, or if the LLC is binded by AB1482 just in virtue of being an LLC.Any help appreciated :)https://caanet.org/kb/exemption-from-ab-1482-addendum/

The “purchase agreement” is between a buyer and a seller....any commission mentioned is not really binding between the seller and the agent.