The 'hoarders' specifically were allotted 3 cats and two adults, and simply are now breaking the agreement.  

Make sure you get the sec deposit statement out to the tenant that left within your state allotted time period or you'll not be able to charge a dime.

However, if the agent knew another offer was coming in, there is nothing wrong with both the seller and agent waiting the time your offer allotted to respond, in hope that the other offer is higher.  

The advantage to him is he didn't have to use up one of his mortgage allotments and can still make his money back in a decent amount of time (then free income after that), and the advantage for me is the returns are infinite for me!

If they go over the allotted amount, then I have to bill the tenants.

However Fannie Mae offers a Homepath Reno loan for their properties and if the property has gone passed the time allotted for owner/occupant, then investors can purchase and use the reno loan.

I appreciate the process and especially the people who help me, I like single family homes as the deals move faster and costs/risks can be calculated allot easier.2.

-What if you can not find your end buyer within the allotted time, how can you ensure theres no penalties on your end? 

I don’t get much time, but the down time I am allotted, I take full advantage of regardless of how tired I may be.

Their BAQ allotment can cover the rents.