@Nolan WhitakerIt does have a term which is five days after closing or cancellation of contractI would politely reply - “sorry it’s taking longer for the buyer to close but it’s not in our control and we have not breached the agreement as it states we will pay you within five days of contract close or cancellation which neither has yet to occur.

They also have one sole focus & that is to take care of the property, collect rents & stay on top of every day issues that occur.  

When the loan is paid back, you still get the full death benefit plus any growth that occurred in the meantime.

So last Sunday, there we were, ironing out a few more of the details between us.It occurred to me that I could never imagine my parents having such a conversation.

You can easily include a series of obscure clauses such as "eviction can occur due to...lack of character.....multiple complaints by neighbors....questionable sourcing of income....lying on an application..." list goes on and on.The key point is, put something vague into your leases, and use it.

Thank you so muchJames This is why (and it has been mentioned here 1,000x) that when buying a STR, to make sure the numbers work based on other scenarios in case of this occurring.

Easy to “abuse” placing seller in potential precarious position and buyer in precarious position if default occurs and seller takes legal action3.

.- Reverse migration to Rust Belt is occurring based on affordability issues elsewhere.- Scatter site is a defensive asset offering a lot of optionality.- Market conditions are challenging for scatter site hold unless you are underwriting a 10-year hold.- Setting up operations for SFR from scratch is very difficult.- One investor is buying at cap rates in 5s or 6s.

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Hardly a day goes by where I don't see at least two or three different opportunities for earning good money that never occurred to me before.