A former nationally ranked sport fencer, Gerard also spent several years as a fencing coach and trainer."

If their lease is not up, then you are implying that they are being forced out by asking them to stay until the house is sold. 

And despite the very odd language waiving the right to avoid the sale based on the condition of the property, there is nothing here that implies that you do not have a due diligence contingency.  

Knowing why a hurricane barrels toward the FL coast does little for the residence (not implying that the rate hikes are positive or negative btw). 

As an example if you can do it a spread of 5% to 6% is very healthy and can probably be achieved in today’s rate environment but it implies a return of only 10% to 11% which is not bad but may not compensate for the inherent risk. 

You might also find someone there with whom you can partner on your first deal.Alternatively, I know of a good trainer who will drop in and help you actually get a deal or two under your belt...not just tell you how to do it.One more thing, Austin has a private lending fund located there to help you fund your deals short or long term at competitive rates.You are wise to proceed carefully.  

It was implied that we would likely get audited and they would not be able to defend that claim. 

That implies figuring out where you're likely to move to next year before committing.In terms of financials, I'd look to build a chunk of capital - $0 from #1 sale

Personal liability and personal umbrella policies may not pay for your negligence and court awarded penalties are always higher in cases of negligence of a sophisticated party.None of the above is legal advice I am a general lines insurance trainer consult your lawyer and a local state commercial insurance professional.Good luck

I'm confused about the refinancing of the home - doesn't this imply that the investment property has to rise at least 20-25% in order to cash out and refi?