The idea of a contingent contract with a modest length inspection period is a good one and takes you from bird dog to wholesaler.

@Jason Atkins I am assuming you are taking out maximum length for the terms of the LOC, then using the rented units to pay for the subsequent payments, that should be fine, but as @Joe Gore stated, if you arent intending on paying anything that would have sever consequences.

BTW the stuff about the loan rates and length with IRS guidelines may be off the mark.

If that agent sets a reasonable length of time and a reasonable commission and the property you pick falls short, pay the difference!

I'm learning now but I'm still far away from dealing to the lengths that others do.

They might want to know specifics, like funding source, arms length, any contingencies, and the expected closing date.

We also guarantee our placement for the length of the lease.

Thanks @Justin FernandezI was aware you could determine the length of the contract but I didn’t think about giving myself enough time to land a loan.

The concept that the county was giving them 2 years to fix the problems should indicate the length and breadth of the violations.

My apologies for the length.