You wrote several things in your first post that made me very concerned.

Welcome Kyle BaerSince you are new Check out the Free Beginners Guide-Enjoy brewing beer with friendsSend me some home brewed beer and I will tell you all the REI secrets I know.

We just recently purchased another investment property but this one came with a little twist. usually when we've purchased, the unit has been empty and we have been able to screen the tenants and decide who to rent to. in this case, the seller wanted to rent the house back for a week while they move out.Our concern is this, though we have been paid for the 7 days and in the contract it allows for a longer stay at so much per day, what would be our recourse should the seller decide to stay longer and not pay or not take care of the property?

I'd definitely recommend starting with our free guide "The Ultimate Beginner's Guide to Real Estate Investing" and the BiggerPockets Podcasts to replace all that Carlton Sheets stuff :) What kind of investing do you think you wanna get into?

I have no concerns about it achieving that rent.My question is this: Clearly, we are paying market value.

I'd definitely recommend you read through our Free online book "The Ultimate Beginner's Guide to Real Estate Investing."

Check out "The Ultimate Beginner's Guide to Real Estate Investing."

Check out "The Ultimate Beginner's Guide to Real Estate Investing."

The beginner's guide was amazingly written.

The person didn't include a depreciation schedule so I requested that.The rent is $1500 so am concerned if would have enough income.