Prices are very tight right now so expect that feeling like you are paying too much.

I'm working with title to make sure title work is clear and ready, checking in with the buyer's agent and lender to make sure deadlines are met and the buyer is on track to close.

Our contract outlines all contingencies and deadlines along with comments about whether EM is refunded in each circumstance.

When we send out a new lease or extension offer, we give the tenants a deadline to sign and if they don't, we advertise and show to get it re-rented.  

I did two before in 2017, and it was tight then, days left in one case.But now it's 12 days away and no luck in my area.I started to look at multi family and single family that have sat 3 months hoping to go mutual and found out the hard way why they have sat; the seller and their agent advising them have unreasonable prices and demands (one guy wanted 60k over comps and 5k earnest money to keep as soon as we were mutual 🙄🙄🙄)So I'm tempted to buy in Florida out of state and eat the property management costs.

I wonder if banking is just going to be super tight gripped on the purses waiting to see what happens with inflation from the stimulus bills + businesses after CoVID + regular market forces. 

And I’ve also done a very tight house with exterior insulation.

Give them a deadline to decide in the letter you send to them as well.Since your dealing with long term tenants keep in mind the units may need updating.

Hello,I have a long time lender (current lender) who provides great service, and can typically meet the contingency deadlines.

We used our equity position from our personal property to finance the down payment, and plan on using the cash flow from the STR to supplement rehab projects at the LTR.I have run the numbers, and it seems like if we were to get a 30 year loan on our same rents and purchase price, this situation would be pretty solid, potentially cashflowing $1000/month on all units pre-rehab, but on a 15 year, the numbers run tight, but like I said, I am personally ok with that.