Alternatively, target non-FHA buyers to avoid this issue altogether.Consult a Real Estate Attorney: Ensure your contract language is solid, especially with regard to title protection, seller obligations, and your rights in the event of default or dispute.By balancing your need for control with the costs of formal closing, you can structure a deal that works for both you and the seller while protecting your investment.4o

Speak to your attorney but the lease is most likely invalid because there was nothing exchanged. as mentioned i typically either get deposit and security at signing or have language in lease the lease is not valid until that term is met.I would send a lettter noting we have not heard from you and are canceling the agreement.

However, you should ensure that the contract language allows for such changes without requiring a full contract re-signing.Consulting with an attorney familiar with Florida real estate and property management law is advisable to ensure compliance and avoid any potential legal issues when making these adjustments.Let me know if you need help with any other aspects of this process!

One final quibble is that they don't have the wonderful universal search feature of quickbooks, where I could just start typing and quickly find matching transactions.

@Robert DunbarI would check their lease and see if any language covers this.

FinCEN’s Small Entity Compliance Guide walks small businesses through the requirements in plain language.

There are no secret negotiating tricks, low ball offers with love letters, or highly intelligent investors from afar that can win bids due to awesome use of language. 

It seems like a great opportunity, but as someone based in DC, I don’t know much about Salisbury.I see that it's fairly close to a hospital, which could be good for medium-term rentals (MTR), and it's also near a university, which might attract long-term renters.For those with experience in this market, I’d appreciate your thoughts!

I agree with this high level (Private Money = Individual, Hard Money = Company Non-Turnkey Product).I've been begging (mostly to no avail) for better clarity and definitions here for these to avoid confusion - BiggerPockets IMO has a HUGE opportunity to set and create the "gold standard" universal definitions of loan types with just a little initiative. 

These are the basic universal fact points to know, on really anything, right.