Auto-renew every 21 days.Expected close date = 8/8.Extended close =  8/12. 3rd extension = 8/16.  

Buy in growing locations where is the little to no risk of extended vacancy and large rent declines. 

My offer is contingent upon full pro inspection.My Initial Offer: Purchase: $375,000 Down payment: $20,000 Interest Rate: 3% Amortization period: 30yrs; Balloon in 10yrs 6 month moratorium on 1st payment (to give me time to vacate and upgrade at least 1 unit)Sellers Counter Offer: Purchase: $395,000.0: Down payment: $60,000.00Interest Rate: 6% aprSeller to carry the balance of $335,000.00 amortized over 30 yrs.Balloon of full balance in 3 years option to extend 1 yr if needed.Monthly payment: $1675.00 interest onlyNo repairs.First payment due 45 days after the close of escrow.I am not working directly with the owner.

However, a landlord is not required to disclose on the addendum that the landlord is aware that a dwelling is located in a 100-year floodplain if the elevation of the dwelling is raised above the 100-year floodplain flood levels in accordance with federal regulations.Do I have to provide the addendum when extending a lease or when a lease automatically renews to a month-to-month?

When writing offers for my clients I always include OEC (owner's extended coverage) in the title insurance section of the contract to buy and sell.

Basically the tax maps show the roadway ending even with our property line despite the physical road extending another 50-70 feet.

I was worried about the 2-year balloon but the banker said they'd simply keep extending the 2-year loan but after revisiting the interest rate.

It's cheaper to higher a professional to get jobs done than it is to try to do everything yourself and deal with extended hold times and taking away from family/life/ other more productive business activities.

It can be used for extended family, office, gym, etc. 

I'm willing to back away from the 2nd deal but it seem pretty great opportunity...or so I think.Anyone able to extend an olive branch to the newbie in the room please?