Someone who enters into a contract to buy who does not have the capacity to do so, without disclosing an assignment may well be seen as not dealing in good faith and that contract or any terms as to limiting your liability exposure can be tossed out.

It's a leap of faith; but, if you plan for it and take into account what you will need to keep you happy and healthy, it is the best thing in the world.  

The deal always ends up falling apart because the seller is a pain to deal with, doesn't negotiate in good faith, has unrealistic expectations about price, their house, the market and the process. 

I agree, and I believe the move to have me move in while the deal finalizes was meant to be seen as an act of good faith.

Even if they broke the rental agreement, you are required to make a good faith effort to re-rent the unit at the same rate, and cannot keep excess amounts once you obtain a new tenant.

Without an accurate number for write-offs I'm having trouble putting any faith in my calculated ROIs.Thanks!

Gives me so much faith in my fellow investor. 

The one we use states that if a buyer that we or a cooperating broker introduces to the property while the contract was active, then buys the property within a year after the contract expires, commission is still due.It also seems to me that you relied on your attorney in good faith, and that may give you cause to go after his E&O.  

I don't want to unintentionally get in trouble spending it on something I shouldn't be, and want to make a true good faith effort to utilize it appropriately.

So I suppose faith has a factor in our relationship dynamic when it comes to me wanting to delve into the world of real estate.Funny enough, I have actually brought the idea of house hacking up to her, but she isn't sure if that's what she wants to do.