You wrote several things in your first post that made me very concerned.

We just recently purchased another investment property but this one came with a little twist. usually when we've purchased, the unit has been empty and we have been able to screen the tenants and decide who to rent to. in this case, the seller wanted to rent the house back for a week while they move out.Our concern is this, though we have been paid for the 7 days and in the contract it allows for a longer stay at so much per day, what would be our recourse should the seller decide to stay longer and not pay or not take care of the property?

I have no concerns about it achieving that rent.My question is this: Clearly, we are paying market value.

The person didn't include a depreciation schedule so I requested that.The rent is $1500 so am concerned if would have enough income.

LEON GOUSMAN,I'll be at the next ctreia meeting, this coming Monday evening.For more information, go to www.ctreia.comI won't be able to help you concerning a Short Sale, as I've never done one.Raymond

We are mainly concerned about not getting the list that we want.

The renting part is what's causing me more concern & nerves than anything.I have some more details but I don't want to go overboard - this is my first post.

The age of the home is not a huge concern.

You need to check with your state laws concerning the matter as over charging can create hefty liabilities for you. :)

The Buyer is concerned the Seller may sidestep their agreement altogether, going with another offer because the Seller believes the lack of deposit relieves her of any obligation to the agreement.Initially I thought that with no deposit there is no "consideration" thereby making the contract unenforceable.