If any are trapped, they will place another round to see if there are any rats remaining.  

To assure $200 cash flow, the rent price would have to be $1600/month: half ($800) for reserves/repairs, and the other half used to pay $600 mortgage to allow $200 cash flow remaining.  

At the end of the 5 years, is the purchase option just the amount remaining on the loan?

Next, you want an actual ENCAPSULANT product for any remaining wood structure, not Kilz.

They are basically 10-cap areas and will likely remain so for a long time. 

My husband called the lawyer at that point (I had him do it because he knows the mortgage industry much better than I do, and it turned out he and the lawyer had some colleagues in common.)Dealing with the lawyer was a little frustrating, because he was obviously pretty unfamiliar with sub2s and kept dramatically warning the seller about the potential pitfalls (the mortgage remains in his name, etc.)Eventually, we worked it out by putting these two clauses in the contract. 1) If we miss one payment, the seller can take the house back. 2) We will refinance into our names within three years.After the paperwork was finished, we mailed a check for $1,200 to the lawyer and he sent us the paperwork.After that, we did more waiting for the seller to be ready.I emailed the seller at the end of April reminding him the paperwork would expire at the end of the month and we'd need to have the docs updated if we didn't sign them before then.He said he needed another few weeks to get ready.

So, the other year or remaining months can be waived.Being self employed under contract is rather an exception and it depends on the company contracting the work.

I imagine they have to agree toLeave by a certain date.Give up their right of redemptionAgree than anything they left behind was abandoned and can be discarded or given away.Hold me harmless for anything that happens to them while they remain in the house.Have i got it covered.

What you said is and still remains poor advice.

Details: I found a wrinkle in the local laws that allows one to build an addition to a SFR in such a way that the completed building remains classified as a SFR yet is easily rentable as a du-, tri- or fourplex and this does not violate any local landlord/tenant laws.I bought four SFR houses in my area for about 300k each.