I was able to provide money very quickly, with better terms than his previous lender and honestly I did not conduct the usual/appropriate level of scrutiny that a lender without the personal connection would have.

As in my lease I also have the tenant has 7 days to move in and conduct a Inspection of the premises and to note any deficiencies or inoperable appliances.

I might need to file another contract extension.

This is a new program recently announced by Freddie Mac.To give you a brief overview: TAH Express definedTAH Express is an extension of Freddie Mac’s existing TAH program, which provides loans for properties in underserved areas that are affordable to families with low and very low incomes, including cash loans, bond credit enhancements, tax-exempt loans and more.

Additionally, I now need to extensively reno and repair the property.

If they are offering up their good name to conduct property management under....I might be getting in line for that opportunity.  

Make sure going forward, sign a one month agreement, and then just do an extension if you are able to work with that person.

The deal fell through because the seller would not give us an extension on the 10 day inspection period.

. -$420K duplex in South Austin with $231K loan balance, cash flow $800/mo acquired in 2017 (originally HML but refi to investment loan) which I did an extensive remodel inside and out.

That is why I put in my lease that no type of business is allowed to be conducted on my property.