What happens when tenant buyer leaves?

It's better to have a longer "over kill" lease than something that leaves anything to the imagination.

Tenant leaves belongings in unit (do everything you can to ascertain whether they are comming back for property [if they still have time before the deadline], and document in detail all you do [in case they say you got rid of their family heirloom thingamabob]), any expense you incur to deal with those left behind belongings very well may be justification for charging against the security deposit.Also, just a note - many landlords in OH do not know this, but OH law requires landlords to mail to the former tenant a written accounting of how the security deposit was spent (i.e., what % refunded and what was spent for what).

I'm happy to accept the extra money and she's a good tenant so I leave it at that.The other one was late for several months and refused to pay the late fees.

The bank is going to want to see you have some skin in the game.

Then he can foreclose upon you and you can also have a forgivable caveat on the mortgage.I have done dozens of JV's/OP's and mortgages are just so much easier as they leave your investor secured, attached to title with everything laid out and clear.

Do you leave the blinds open?

The time frame between ownership would be the key issue, and to my knowledge there is no minimum on that which leaves a grey area open to interpretation.

There really is not a lot of wiggle room on properties to make a wholesale profit and leave enough profit in a deal that would interest an investor.

Now, your new tenant has a moving truck loaded and your tenant won't leave.