. :)See how life is as a tenant, there are advantages, especially if you plan to travel.Start planning now, but I don't like the idea of selling performing and appreciating assets and then living off the money.

The agreement is made to transfer title after the buyer performs their obligations under the contract.

@James SyedIs the building performing?

Can't recall a seller disappearing, they may not answer calls.Two options; walk away or sue them for performance.

If the contractor doesn't perform do you have the capability to finish the project on your own?

The best performers are ultra short term strategies, such as statistical arbitrage (that what I do).

I've painted paneling the same color as the other walls, without spackling, which tends to come loose.Also have removed paneling and if walls ok or needed a little patching, then paint.Or if walls are real bad then you can add 1/4 inch drywall, its about the same thickness as the old removed paneling and makes the walls look brand new and has the backing of the old plaster underneath.

Has anyone used a "Performance Clause" with their contractor, whereby there is an incentive for finishing early and disincentive for finishing the repairs later than specified on the contract?

The roof has been replaced about 7 years ago and recently patched earlier this year.

We will be requesting information on each of the residents, so that we may perform background checks...etc.