Originally posted by @Bob E.

Those documents submitted, such as a credit report to the lender, may expire within 60-90 days, depending on the lenders guidelines. 

Lessons learned: - Negotiate more based on repairs if they come up on an inspection report, especially if its structured to be paid out of pocket after closing (as this lowers my Cash on cash return significantly)- Minimum cash on cash return I should be going for is 15%, 7% (Cash on cash return)-10% (cash on cash + principal pay-down) is a rate I can easily achieve through boring index funds on the stock market and likely not worth my time and much more of a liquid investment.Challenges:- House had a weird layout that made it a 2 bd/1 ba (utilizing a enclosed sun room as the second bedroom), which gives me some worry about future rents.- Communication between the PM & the existing tenant was not great during the purchase process (had to reschedule the inspection three times), however communication between myself and the PM after closing has been okay.- Scheduling repairs after closing has been tough as a result of the holidays & general lack of labor.Rough estimate of numbers (assuming 5% vacancy, $780/yr in repairs/maintenance, 10% PM fee, $480/yr insurance, $1227/yr property taxes):Current:Expected based on Rental increase to $670 (assuming tenant accepts increase, rental increase would be starting 02/01/2022):Expected if tenant decides to move due to Rent increase (PM company estimates it to be possible to rent at $725-750/mo; keep in mind this doesn't factor in costs to make rent-ready (if any), as well as the cost of getting a new tenant):

A period of several months (often 6) following the expiration of the agreement serves to protect agents from buyers who will simply cancel the buyer agency agreement after a suitable property has been found - just in order to avoid paying the agent a commission.Put more simply - it's a kind of "loyalty" agreement.

It’ll make her feel like it is more of her home and maybe she will will stay longer after her initial lease has expired.

Most of the work is basically e-mails and web searching, sometimes you need a zoom or a call with a lawyer, servicer, realtor etc. and that can be done even with the time differences.  

RE agent said he does this whenever he can to remain liquid and not tie up too much cash into the house.

@Andrew P.  1) as  2022 is almost  here -  consider  completing and filing the 2021 tax returns asap  and  consider having the  schedule E  for the  rental income  show as much of a   positive  net  income as possible  ...this   might  increase your tax  exposure for the year but if the  result  is  that you will be able to line up a  HELOC on your primary  property , it could be worth it 2) a  traditional  cash out  refinance  will  have the same  issue   of using the tax returns  for the  qualifying ratios  - the LTV  ( loan to  value ) for a OO triplex  isnt  very high 3) recent FED  announcement  - 3  seperate  .25%  increases   expected for  fed rate  in  2022  - this means  HELOC / prime rate will increase  by the same  amount when  these increases occur 

I find it very interesting you took the time to look after these guys and you wrote an e-mail questioning them, which I really appreciate a lot!!

Can anyone refer me to resource where I can get a MI purchase agreement that can be sent and e-singed?