Adding an addendum usually only requires a 30 day to 60 day notice.In addition to that, if you did a pre move-in inspection of the property that verifies that the property was "flea-free" when they moved in and have confirmation from a pest control professional that the flee infestation is the fault of the occupants and/or their pets, I would first, politely make a proposition to share the costs of getting the problem professionally handled.

@Justin Worsham I would reserve a pre-inspection for higher-end SFR's but it's all relative...one bad thing about pre-inspected properties is that it removes the buyer from the due diligence...they basically have to trust a report the seller is providing...it's just not impartial.

Thank you for the confirmation! 

The issue I'm running into is I have around the right amount of cash right now, but reserve requirements are killing me because I'm looking at an additional $7-8k to close on top of what I have available based on most quotes I've gotten.Does anybody know any no- or low-closing cost lenders I can turn to to get this deal done?

Hello BP - I am planning to open an Operating, a Security Deposit and a Cap Ex/Reserve business bank accounts to manage my first multifamily rental.

This forum confirms it daily.

After some assumptions (vacancy, expenses, capital reserves and debt service if you are not paying all cash) shows about 14k cashflow per month but only if you could get it at that 200Kish price. 

Hi Bigger Pockets,I am trying to "sharpen our pencils" so to speak when it comes to proper reserve amounts for rental properties and I am having a difficult time finding concrete answers to this topic.

Can someone confirm what wording I should use when I'm shopping the contract to cash buyers?

You do not provide any indication of the property age or condition nor include any reserve holdings for CapEx.