You should put a tight schedule on them putting the financing commitment in place, and have a non-refundable deposit if they stretch that out too long, but you should not care what they are doing with it. 

@Matthew T.

You know yourself, your work ethic, and your level of commitment. 

Thanks @Eddie T.  

At the start of this link there are a few: https://www.biggerpockets.com/blogs/9193/53265-3-t...I also know there is one in Ann Arbor, I think Joe Villenevue runs that one.

@Kenneth T I am in shock right now how the "government" can tell a private homeowner what and what they can do with monies they receive!!!!!

Below are reasons relationships fail, Marriage: Lack of communication, Lack of trust, Lack of commitment, and Unfaithfulness.

*Generally speaking* you get the highest return by committing the least amount of your own capital to a profitable deal.

For all I know, this could be a 30 year commitment.

That way if drugs/pets/guests happen, you haven't committed to them for a year.