Personally hopeful that some semblance of an official and agreed upon timeline takes shape... that will form a much clearer picture for me.

Also, to form a contract, there has to be an offer, an acceptance, and consideration (in this case your earnest money). 

That's a case where you could form a holding company to keep them all under one roof. 

Better to seal it up right away before they form a caravan.

Use the CAR form as a template to create your own. 

As @Shaun Patterson aptly points out, you shouldn't buy on a pro-forma (i.e. on the assumption that rents can be raised).  

I have looked at some turnkey houses for sale over the past couple of years, but I've never bought one.One piece of advice: question everything that's on the "pro forma" sheet - the thing that says "it will rent for $X a month, mortgage will be $Y, taxes are $Z, so your cash flow is $A". 

I'm a skittish newbie who really wants to get invested in real estate, and the kind of products Morris Invest purports to offer (full service, a mentorship-style walkthrough of the whole experience, and a tailored approach to use the resources the investor has available) is a really tempting way to get started.Here are some things that have been different about my experience thus far (compared to the posts I found from pre-2020): - Previous offerings: rehab units; current offerings: new builds - Previous market: Indianapolis; current markets: Joplin, MO, Lubbock, TX and Odessa, TX - Previous financing affiliate: Ocean Point; current financing affiliate: SDIRA Wealth - Previous communication: bad (delayed, uninformative, and the like); my experience this week: ~10 minute delay in the scheduled phone call; very responsive via email (I received the follow-up mentioned on the call within twenty minutes of hanging up; I sent a reply with many detailed questions at lunchtime today [12:43 PM ET] and received a thorough response same day [8:05 PM], including a simplified pro forma example.) - During our phone call yesterday, I was strongly encouraged to visit the development prior to purchase; none of the previous reviews mentioned this even as an optionHas anyone worked with the company recently, or has anyone heard of any recent engagement with Morris Invest? 

But in a reverse we, the QI form a holding entity and take title to the new property. 

$250x12= $3,000 less than market @ an 8% cap rateLoss in Value = $3k/8%= $37,500Now I'm not factoring in vacancy or turn costs but you've hopefully already included a budget for that in your pro forma.