I realize that it could vary depending on the wording in the actual agreement but I would not expect a service contract to transfer to new management with the sale of the property.

While rehabbing that property (which will cash flow approximately $300 a month when all done) I managed to get another SFR under contract using owner financing which I will be closing on this month... completely rehabbed with a tenant in place and negotiated down to 30% below market value with seller financing at 6% for 3 years...now the awesome part of this deal is that although the property won't cash flow until it is paid off.... in 3 years I will own a $75K property free and clear that will cash flow $600 a month....second unit...check.... 

Just to ensure that we're covering all of our bases, I'm curious if anyone has put together a lease amendment for this type of scenario prior to going under contract for the sale. 

I have a 38 unit mini-storage building under contract.

Starting with legalities is important, having a good Real Estate contract is critical in my opinion.

Employment contract in hand and my bachelor's degree, I started looking for a home while working.

Below is some of the language in the counter:"- The contract has to have as-is addendum.- No seller financing - Confirmation - buyer will be unrepresented ( no agent)- Closing costs will be split by the buyer and seller."

I checked with my lender to ensure that a quit deed claim is something they're ok with.  It's being purchased under my name.  I've upped my umbrella insurance as well.I live in Washington State.  Investment 1 is in Al...

It was a rocky road with the first property under contract the leases came out showing lower rents then we were told and decided to break contract.

And you could be out the cost of an inspection if they are really trying to hide something.Normally I hate the idea of “get it under contract and then negotiate further” but if the owner won’t let you into any units then you really don’t have a choice.