I've read through the contract and will summarize here with simplified numbers (not the actual numbers) what I believe the contract says and follow up with some questions for you more knowledgeable members:1) Purchase Price: $100k2) Initial Down Payment: $10K3) Buyer pays seller monthly payments based on 30 year amort of 90k at 5% which is $484/month4) Remaining principal balance to be paid off on the defined Closing Date (roughly 2 years from now)5) Buyer pays taxes and insurance6) Buyer to provide Seller a Loan Commitment from a Lender on or before the Closing Date7) Seller will transfer Deed when Buyer pays full Purchase Price8) Buyer will pay the Seller's existing monthly mortgage payment that exists on the property, which is $100/month, directly to the bank.

I heard or read some really good advice on here which was to tell your tenants you are a property manager and don't actually own the property.

I can also just withdrawal the contribution amount and avoid the penalty and tax.

I can make great a logical case for investing local (actually you could simply look for many of my past posts). 

I've got experience in the real estate industry in the capacity of home inspecting and radon inspecting, but I know that a career in sales would be much more beneficial towards actually doing deals.

actual insurers, not agents. thanks

Multiple things I disagreed with, my wife and I requested a team meeting to establish some guidelines on what types of mentorship and favors from the team would actually be team support, and what actions would require compensation just so we would know ahead of time and plan accordingly.

Randall, I'm actually out to sea now so my phone is in and out.  

actually now that I think about it, is this a town house/row house?

*However, I'll ask that the rental income will be mine after 9/20, instead of when we actually close.