A foreclosure would affect your credit.I do not think that you could be liable for the mortgage, but you could loose your interest in the house if it is foreclosed on, but that is the same as it is now.Since you are not on the mortgage, you do not have any responsibility for that debt so it should not affect your debt to income ratio. 

OTherwise you will loose your mind dealing with showing.

I've bound contracts with as little as $100 and in that scenario I don't really care if my language protects my deposit since there isn't much exposed.

.$150,000 * .75 = $112,500 $112,500 - $30,000 = $82,500MAX OFFER $82,500FYI, I am in Dallas / Fort Worth and don't like to loose money.

Even if you loose a little money because of the experienced gained for the next many deals. 

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or loose money in any market.

The closing date is set for November 22nd and instead of cutting the home loose should I try to wholesale the property? 

It is a small town and things are run pretty loose from what I have seen so far.I agree that towing the vehicle would only cause more issues and cost me in the long run. 

My question is this, are they legally still bound to the lease through the 60 days or do they have to still at least give me a 30 day notice that they are leaving even though I gave them the 60 day notice already?

Be sure to know what you'll require in your unit, and then make those requirements clear in the listing.Be sure to follow all Equal Housing and anti-discrimination laws carefully, and within those bounds be as clear as possible, like "No smoking, minimum credit score of X, income must be Y" and so on.Good luck on the road!