The reason this is Plan B is because I’m not cash flowing anything on this house (see below the $247 annual cash flow this baby would throw off), so I’m basically treading water for 30 years while I pay it off.

Without renters coverage they will be facing a big expense to replace clothing, furniture, etc. 

Cut from the no bs cloth

What about the 70 million baby boomers in the U.S.?

Where are the Baby Boomers moving to that sell them their first home?

Records are discussed in Publication 526.The phrase “similar items” means property of the same generic category or type (whether or not donated to the same donee), such as stamp collections, coin collections, lithographs, paintings, photographs, books, nonpublicly traded stock, nonpublicly traded securities other than nonpublicly traded stock, land, buildings, clothing, jewelry, furniture, electronic equipment, household appliances, toys, everyday kitchenware, china, crystal, or silver.

Too many young people blow hundreds at the bar, on cars, clothing, etc.

In furtherance of such obligation, TENANT AGREES TO PERFORM THE FOLLOWING:1.To keep the Premises free from dirt and debris that can harbor mold;2.To inspect the Premises regularly for the indications and sources of indoor moisture;3.To immediately report to Landlord any discoloration evidenced on walls, floors, or ceiling and/or any water intrusion, such as plumbing leaks, drips or flooding;4.To not air dry wet clothes indoors;5.To always utilize stove hood vents when cooking items that may cause steam;6.When showering/bathing, to always utilize the bathroom fan and to notify Landlord of any nonworking fan;7.To water plants outdoors;8.To notify Landlord in writing of overflows from bathroom, kitchen or any other water source facilities, especially in cases where the overflow may have permeated walls, flooring or cabinets;9.TO IMMEDIATELY WIPE DOWN ANY WATER OR CONDENSATION THAT APPEARS AND/OR DEVELOPS ON ANY AREA OR ANY SURFACE;10.To clean upon first appearance, any mildew from condensation on window interiors, bathroom & kitchen walls, floor and/or ceilings.

Basically I have to baby sit the seller and keep my buyer moving forward through the process.

I have a wife and a 4 month old baby in our current home which we bought 3 years ago.