We have a clear understanding of what we no longer desire, which aids us in honing our criteria.

It is a seasonal area and we are too far away from the summer to understand vacancy rates by looking at similar properties.  

I would make sure your future PMAs have reference to that provision.As far as paying for vacant properties and no escape clause for sale - this is a lesson learned - make sure you understand what service you are paying for upfront.

Before diving into the US market, ensure you have a solid understanding of these rules.

Mark, If I understand correctly you are living in the downstairs and you have rented the upstairs.

I know this is not primary focus of your post but its important to understand why this seller is willing to offer you the terms they are offering.

Their registered domain name is new, registered on January of 2024 and registered for 1 year. https://www.whois.com/whois/mgservicingincorporated.com I've dealt with hard money before with clients so I understand that its not going to be presented as polished as an established lender or bank.

My understanding is that so long as they confirm that they're moved out and give me the keys, I'm well within my rights to just have a junk remover / trash company take whatever was not there to begin with, and deduct that from the security deposit?

Advani suggests that a strong focus on professional property management can significantly reduce the risks associated with real estate investment.Construction and Development InsightsFor those looking to invest in construction and development, understanding the ins and outs of building projects is essential.

This is one of the reasons why I also worry about using something like this lease agreement without understanding the law.