In your PSA, you will want to stipulate a reasonable amount of DD time (inspection period) to complete the items of importance necessary to satisfy you and any partners/investors.Earlier this year, I lost out on a smoking deal to someone who did not beat me in price, but by two lowsy days.

There are a few other stipulations, I would check the IRS site for details.Are there lower prices homes in your area ?

ThanksThis can happen on occassion, particularly now as the greedy banks are doing everything they can to make sure they are the only ones with all the money.That said, it is usually accepted with an explanation letter that the name on the proof of funds is the partner and the name on your contract should be that of your entity and not your personal name.If that fails, and in a situation where it is the uncle, simply open up an acount in the name that is on the contract, transfer the funds into the new account, and stipulate that account can only be accessed by the Uncle.

If the short sale is truly "approved" then there is a short sale approval letter stipulating the price (and terms) for which the sale shall take place.

Now there may be certain stipulations or time periods dictated by state law.Now when you buy a subordinate lien position at auction, the first lien holder has the right to accelerate the note and foreclose on the first lien by the due-on-sale clause because title has transferred.

But the standard terms of the lease also stipulate that if neither party ends the lease at the end of the original or renewal term, then it automatically converts to a month-to-month. 

I would have a provision in the contract stipulating that the property must be delivered vacant 5 days prior to closing.

I am not aware of any such stipulation, but am not an expert.I do know that in the absence of a written agreement, and verbal or expired agreements are effectively month-to-month agreements. 

One point to add, is some states stipulate that you must have a reason to non-renew, and cannot just "kick them out."

Once that's done, she's taken care of and now you only have to deal with the other tenant.When you inspect the unit, collect the current rent amount from the man that is staying since the lease that is ending probably has a stipulation that if a new lease isn't signed, it converts to a month to month.