Its an expense my wife and I choose to take on for just these types of situations.

That brings clarity to the situation at hand. 

Greetings All,I offered a little under full price on a place and it went to multiple offer situation.

Unless your situation is more complicated than described, I'm not sure why you would form multiple entities, trust, file as s-corp, etc, or even a Series LLC.

Does anyone, Agent or investor, have any advice or guidance on how I should treat this situation?

thank you againIf your father had sold the property owner finance and the roof went bad what was his concern  The property is in the buyers name and they have a mortgage committing them to pay  I have the same situation but they paid $30,000 down the roof should be repaired but that's up to them  I can't see them walking away from something that they put so much money into but who knows A foreclosure in Florida cost approximately $2500 I'll do that.  

I looked at apts for rent ads that sat to over a monthThen I called and asked if they would like all their rental headaches gone.And talked to them like a friend asked if it was easy Then said I would be happy to take their problems away as I was young with tons of energy to do repairs, evict bad tenets etcAnd all I wanted to do was pay them a set amount   Each month as opposed to the up-and-down rental situation that had gotten themselves into Believe it or not the conversation can Flovent Easley back-and-forth them finding out about me and me finding out about them and what they're able to do and want to do

It's important to do modeling and run sensitivity analysis to stress test your assumptions.  

Rarely do we run into a situation where I must bill them for damages beyond their deposit.

None of the scenarios apply to my situation that would qualify me for the no waiting period.