Another might be a residential tenant whose child comes home from college and discovers black mold in her bedroom closet.Ideally, Tenant Estoppel Letters will be sent to them after the inspection and financing contingencies have been cleared and within the last week before closing.

Most lenders won't require an application fee and should be able to clearly lay out their financing costs, cash to close, and projected profitability for you.I hope this helps.

I tried to work with my tenant but they cut off all communication with me and wont respond to anyone.

You can let applicants know they’ve passed the screening and move forward with showing them the property, making it clear that the lease is only finalized after the viewing.

I hope with this extra info you can see more clear my current and future goals. 

It was clearly just a marketing pyramid scheme of selling more and more programs because none of the other members were getting any further along to buying any properties.

Or taken in escrow.Free and clear you have an asset, you need to answer some numbers, before you make a decision.

This can encourage positive word-of-mouth and build goodwill if they’re ever a reference for your property.Ultimately, focus on fairness and clear documentation.

However, if you clearly communicated a $15K budget, I’d stick to that and ask them to discuss the overages with the contractor to find a resolution.As a side note, always try to maintain reserves for your properties.

Ask for seller concessions to cut down closing costs.