If your Purchase & Sale Agreement state all the units must be leased up for $1,295, then I would make sure that contingency is being met.If the seller is not able to perform, then you have some very good leverage to negotiate a lower purchase price in order to take on the additional risk and costs associated with a vacancy and an eviction. 

I am getting different answers on if you directly need to put "subject to inspection" into a Purchase agreement even if you stated in the RPA a contingency period.  

(Would pocket my $1,500 previously paying for contingency expenses above) ----------------------------------------------------------------------This is the dream set up I've been looking for (multi family with separate dwelling) It's also .5 miles from my job , and .5 miles from my roommates job. 

If it's a 50/50 split, for example, then maybe you settle for the fees and relinquish the property -- contingent upon continued payment of fees while the property remains under the HOA covenant, naturally.

I will allow a few extra days between closing and renting for contingencies and repairs. 

I'm still in my contingency period, I can still get out of the deal but I like the place...

Inspection was listed as a contingency on contract. 

No contingencies. 

If not, a potential buyer may pay for tests and may be willing to put a deposit in escrow with a contingency on these tests yielding positive results.

How will you word your contract contingencies?