In some cases I will leverage the early termination fee (knock it down) if the tenant cleans up well and is helpful when I need to show the property.So for your situation, unless you have written documentation that last months rent and security deposit will be forfeited as a result of breaking the lease early I don't think you have a leg to stand on.I would be immediately marketing the property to get it rerented.

There was a decent return as college kids will pay up to a $1000 a room (double occupancy so $500 each)That being said I lived in two very different houses in college one was a huge house but rundown and the landlord didnt care so we made more holes in the walls and ceilings and didnt take care of it. on the other hand i lived in a well maintained yet old house with a 20 page lease documenting charges for every little thing if we didnt care for it and trust me we did.IMO if you upgrade and make a house nice you will find the nicer quieter kids who want clean living and will maintain your property...

I don't have documentation about all the improvements made to the house so I'd have to estimate that.

You're going to sign documents stating you're going to move in.

Also you need a document between you and the buyer to show that the contract has been assigned and that the buyer takes the responsiblity.

If you are going to buy an existing note (i.e. stepping into the shoes of a prior lender) you'll have to research the property, the borrower, the HML, and the associated documents.

A poorly written escrow agreement or clause could mean a Seller provides 90% of the documents, which prevents full due diligence and the escrow could be challenged if the Buyer fails to close on time since they did not finish due diligence.

The property condition report upon move-in and move-out is one of the most important documents.

Good luck :)No.Didn't plan on writing it up myself.Come to find out a friend of a friend referred me to a lawyer that's on BP.I simply wanted to understand the situation a little more before I walked into his office.I'm not trying to fleece the buyer, but the buyer wants me to tie up my property with him on payments when I could actually get a cash deal now.Interest rate and terms will be agreed upon by both parties before the buyer puts down his Option Deposit.I will have my lawyer draft the documents and I'm sure he would want his lawyer to review them to protect himself.He will not live in this unit.He will continue living in his current residence but rent this unit out as an investment property.Thanks for all the sage advice guys!

Once they provide me all documentation, I will have to spend some time verifying the information provided and doing some additional research to close any gaps to include calling my insurance company.3.