Form a team: Assemble a trustworthy group of experts, such as a mortgage broker, property inspector, real estate agent, and maybe even a property manager.

I told him I would pay him in full if he provide a lien waiver,I am wondering if we do not get a lien waiver, what are the options I have to get it, do I need to hire lawyer?

@Jimmy Jefferson Be sure to check with your insurance company to make sure they will still provide you coverage if you rent the garage to someone other than your tenants.

I’m looking to buy some single or multi family units for long term rentals that would provide at least a moderate degree of cash flow.  

3% is to much to pay for agents for a house over $500,000. $15,000 to pay a agent for $500,000.

(and do not listen the average agent on financing options!) 

During this time, you can market the property to potential tenants and secure a lease before the purchase becomes final.Steps to Implement a Lease-Up ContingencyConsult with Your Agent and AttorneyDiscuss your plan with your real estate agent and a real estate attorney to ensure the contingency clause is correctly drafted and legally sound.Your attorney can help you draft a contingency clause that protects your interests.

are you talking to lenders and agents? 

Hopefully, this provides perspective.Keep in mindThe Fed started hiking rates in March 2022, and only stopped tightening in July 2023, having lifted short-term interest rates by 525 basis points or 5.25%.Average 30-yr mortgage rates started moving aggressively upward a bit earlier (in January 2022) and only peaked (at just over 8%) in October 2023.

(If first support agent doesn't understand or says no, call again until you get someone who can help or give you a sufficient answer)If you're comfortable sharing your VRBO listing, lots of folks here are happy to offer tips and feedback to help improve your listings performance.Check out this thread about How to increase VRBO rankingsGood luck!