There should be a clause in your lease that stipulates what the lease break fee would be.

If the current tenants, or at least one tenant is on a month-to-month lease, add a stipulation in your offer asking for the unit to be vacant by closing.

We would like to update the electric panel (last completed in the 80's) however the contractor informed me that new rules stipulate new permits must include a hardwired connection to a Fire System.Is this true???

The stipulation is of course that the money must be returned to the tenant upon move out less damages.I hold security deposits in a trust account on behalf of my property owners but if they decide they want to take possession of those funds then the law says I must do that.

Is this a Fannie stipulation?

And on what stipulations?

I found someone that would be able to rent it to cover monthly of the mortgage but I had to leave before the year that was stipulated that I live in the home on the lease.

Remember you can’t just start having the tenant pay utilities unless the lease so stipulates and of course per your state requirements. 

I would also stipulate that you want it vacant and clean OR you’ll only be willing to purchase it at a significantly lower price that would compensate you for the risk and hassle of the turnover.  

The contract stipulates 15 days for inspection and due diligence if you leave it blank, however shortening the period under 10 days strengthens your position if you have the team of inspectors in place with your Realtor to knock it out efficiently.