The entity you select can impact everything from how you're taxed to how you protect your personal assets.LLCs are often the go-to for real estate investors because of their simplicity and flexibility.

My criteria is a specific set of numbers with dollar signs in front, not percentages behind. 

@Matt B.Thanks for signing up for our Beta and feedback!

First, the tenants signed a legally binding contract and do not just get to walk away on a whim.

Either way, do not sign a 12-month lease.

As I've experienced in my own career, selecting a broker with a proven history of successful transactions ensures a smoother and more profitable sale.

@Andrew Nguyen, the contract you signed allowed them to do that?

Also, agents will use lots of disclosures for the buyer to sign to acknowledge what the constraints are.

Create an agreement so both parties are clear on what is important to each of you, then have your attorneys sign off on it.Hope that helps.. 

So you may not NEED a lease signed for your primary residence already, especially since that's a lot of stress to find a new tenant and have a lease in place while you're under contract on another home.