You can always add in a phrase like “seller agrees that any material inaccuracy in provided documentation is ground for withdrawal and return of EMD regardless of contingency dates”Most sellers will sign something like that (I’m making the exact phrase up might have attorney do it) as it’s sort of hard to argue you shouldn’t be required to present accurate info.

@Elena C. what @Russell Brazil means is that when you find the lowest rate online with ABC Mortgage, then follow that up by googling "ABC mortgage reviews". 

@Jonathan Greene  -  I would argue that it's good for new agents to deal with clients like this. 

Finally I've read the ABCs of real estate investing by Ken McElroy and I'm in the final chapters of Mark Ferguson's "Build a Rental Property Empire".At last I've analysed a few actual properties to estimate their profitability, I.e. by looking at variables such as the cashflow, CoCROI, debt to income ratio, operating expense ratio and the rent to price ratio to get a grasp of which properties have a potential. 

Some would argue that child support is unstable but I would argue any source of income is unstable. 

The good news is you can always argue you had a change of heart but I would wait at least a year or maybe even two years to start renting it out full time to make sure you don't get into legal trouble.

Not coming on here to argue though, just trying to help people understand no money down investing, the precautions to take, and how to correctly do it as many people are interested in this subject and guidance as you mentioned is key.

You buy the deal at $310k, ABC’s wholesale fee will be baked into your loan with the hard money lender, and we do 60/40 profit share between XYZ Development (aka XYZ, my renovations company) and you/your company via a JV agreement.

I've heard it argued both ways about why it is/isn't a good idea to invest in multiple index funds.

No one can argue with uncle Sam's cut!