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.

Owner financing $138k is extremely helpful. 

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

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.

Now with that said, it is extremely rare for lenders to do it despite having the right and ability to do so as long as you are in good standing with the loan.

Extremely casual meet up.

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