In the lease agreement, you'll spell out the specifics, such as the time limit, purchase price etc.

In the meantime, please completely fill out both the Rental Application (included with this letter) and the Lease Agreement.

An investor is limited to 4 financed properties including subject - so they could do this Financing method for a couple of the first transactions. 

Your limited by a potentially conservative appraisal.

@Max Ball pretty sure there's a limited time in which you have to put the additional resources in like 36 months or something I don't remember exactly but it's definitely not over the 10-year period

@David MichaelDon't worry about that $28,000 (actually, raised to $30,000 this year) limit that was mentioned earlier. 

Hi everyone.I'm looking at a fourplex listed at 159,900 as a househack for my first deal.I have limited cash and I need advice regarding how to come up with a sane/safe amount of cash to have left over after the deal is done for incidental things that will inevitably come up.

Also keep in mind non-rehab related costs such as holding costs (utilities, taxes, mortgage payments, etc) and selling costs (commissions - typically around 6% total, staging - if applicable, etc).

One way around this is to screen your tenants and only accept good applicants that pass every test.

Said it was a pain with all the connections and a company rep was there to guide them as it was their first complex application, but all went great.