I have a home warranty, which covers much, but not all, that homeowners ins doesnt cover, and beyond that, tenants pay for damages.

The Seller is worried about damaging his credit if he misses any payments.This is where I would come along and be in a position to SOLVE HIS PROBLEM!

Oh well, water over the dam.

An inline filter and/or a water conditioner will mostly solve the problem.

Now, these fines are uncapped, and the lenders can be assessed additional damages up to TRIPLE THE AMOUNT of any FHA mortgage insurance benefit claimed by the lender!

If an investor goes around you and the seller breaks his contract with you, its breach of contract and the seller is liable for specific performance and damages.

How much damage will the tenant do to your rental this year?

I'd really like to do tile, as its cheap and easy for me to put it, looks great, and if water got in ever, so what?

RENO will be $9,500.House in 2010 had new main service ran, A/C, hot water.

@John AdamkewitzWhen you add the following allowances & expenses:a) Vacanny - 8-10% of scheduled rent;b) Maintenance/CAPex - 10%c) Management - 7-10% (even if you are planning to manage yourself)d) Utilities - I know you say tenants pay utilities, does this include water & sewer?