So it’s not 100% automatic, but pretty minimal and the code setup can be done by anyone with owner access privileges so can be delegated. 

However, we are running into extreme escrow issues with lots of lenders unable to close the deal on time, due to various factors, like appraisal delay, or buyer getting furloughed and back out of contracts, other issues that will extend the closing date.

Had I a rental that could not be used because of such issues, I would eat the minimal costs associated with the planning of the event.While not giving a refund perhaps, it would be my pleasure to give full credit to those that have paid full or partial.I bought some stock today, and am waiting for prices to drop again so I can buy more!

Other than that they were other very minimal damages that I could fix on my own.

Apartment complex down the road offers a discount for 15 month leases vs 12 months leases of about $10 per month savings. Is forcing people to stay an extra 3 months a good indicator they will likely live there longer...

@Matthew Martin hey there, sorry for the delay in the relay, Martin.

Since this is your first property, I would recommend you start with a single family home instead of a duplex to minimize the scope of the rehab so you can learn the process a bit easier than a larger, more lengthy rehab.

What you are describing is called a Delayed Financing Loan through Fannie Mae.

If you're trying to purchase the LLC and refinance current debt as the new owner, the mortgage lender may require seasoning to make sure you have skin in the game.Taking over an LLC is a great way to control the assets of the LLC for a minimal cost in many respects.Stephanie

With that being said, although I'm a bit delayed on this post, I'm proud to say that after having a half dozen or so offers declined and a lot of patience from my awesome agent @Justin Brown, I finally got an offer accepted on a triplex just outside of Allentown, PA in December of 2019 and closed on January 14th 2020...exactly 3 months to the day of when I graduated.