On the one hand you can see that on the day the transaction was completed they got all The money that was due to them based on the facts of that point, going forward they are not the owners of the house anymore so if we got a tax credit or a tax increase it does not really concern them, on the other hand you could say that they took the effort to do this and since that credit was applied to the year they sold the house they should have a prorated amount based on the months they lived in this house.The second question is why didn't the sellers lawyer contact us directly, as the lawyer we used for the transaction is not really working for us on a regular basis and is not our regular counsellor.

The answer is he showed up for work everyday and he personally managed the place, and his negligence was the cause.

Hello Jimmy,Your numbers looks good, I think you mention that would concern me would be your ability to refinance the property.

On page 8, point 19B states "Landlord, in its sole discretion and for its sole benefit, shall cause the Premises to be insured as it deems appropriate.

NOT all of them are bad (there are some great ones out there), but I can see how a turnkey operation where people buy blindly, could be an opportunity for bad operators to take advantage. just read the Morris invest threads to understand your concern on quote un quote turn key.

I'm a little concerned you have put the cart before the horse, so let me ask a few questions.Do you have a financing contingency on your Purchase & Sale Agreement? 

Whether I plan to renovate the place, move in myself, or any other reason shouldn't be of their concern or cause to sue me for some reason.

There is no big concern with either. pumps will last for many years and will typically result in lower utility bills which is a plus for tenants.

That said, safety of your tenants should be of your utmost concern.

@Adam Widder If you want to be an investor and do not want to wait 2 or more years to start from the day you get back then you should also be concerned with your type of employment.