And the 1 year occupancy requirement is automatically waived should you get valid orders to transfer. 7,900 sq ft?

The place burns down, kids broke in, whatever.What the second note holder finds is that 1. the policy was modified and the loss payee coverage is not valid or 2. the insurance is a forced placed policy that only affords coverage for the first lien holder.Mistakes can be made by anyone, including your attorney if they reviewed the docs.

You essentially sell the end-buyer your existing valid contract with the seller.Write the contract with the seller, as if you were actually buying it.

You'll also need to have a valid rental license in some counties in order to be able to present your case or else they will refuse to hear it.

Found out, Ikea is not that bad after all, as they give 25 years warranty on their cabinets.

In my opinion, it is perfectly valid to change your criteria later too.I really wouldn't worry about it.

@Gilroy Buller , I am not licensed in your state so my thoughts may not be valid, as state laws can differ widely.

I thought I had to have an EMD to make a valid contract.

If you get a company that provides a transferable warranty, that will also go a long way to satisfy your buyer.

Price: $105,000 Down payment: $26,250 Closing costs: $400 Monthly: Rent: $1300 Vacancy (8%): $104 (1 year guarantee, but leaving this in anyways) Taxes: $210 Insurance: $100 Maintenance: $100 (1 year home warranty, but still including) PM (9%): $117 HOA: $38 Mortgage (30 yr @5.25): $435 CF: $196 Annual NOI: $2352 Cash on cash return: 8.8% Appreciate any feedback!