.\- I've marketed to FSBO and MLS expired listings. 

Buying from a wholesaler with only two properties under your belt could be a real problem as their ARV is always too high and repair costs too low, depending on how much you know to date.

It seems that way only because I didn't think I needed to start looking for a lender until closer to the ballon expiration.

In my mind, the agreement would look loosely like this: The option buyer pays an upfront fee to the option seller, giving the buyer a right to buy the property at any time between now and a certain date in the future, for a set price.

Please contact me ASAP or pay in full before xx date, or I will have to file for eviction." 

I only have an old 12 month lease from my property management company that has already expired years ago.

Second, the prospect stated on the application they lived in the property for 4 year, but the tenant rent ledger that was provided stated a move-in date of last year 2023 of October and for some reason doesn't have the name of the management company, and the ledger looked like it was created using Microsoft Word.

Not giving legal advice, but moving out before the lease expires does not mean you forfeit the security deposit.

Look for clauses regarding default, collateral, and communication requirements.Document Everything: Keep a detailed record of all communications with the investor, including dates, what was discussed, and any updates you’ve received.

I'm assuming it mentions a set closing date.